Star Holdings (NASDAQ:STHO) Short Interest Up 16.9% in February

Star Holdings (NASDAQ:STHO) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 122,630 shares, an increase of 16.9% from the February 12th total of 104,932 shares. Based on an average trading volume of 32,443 shares, the days-to-cover ratio is currently 3.8 days. Approximately 1.1% of the company’s shares are sold short. Approximately 1.1% of the company’s shares are sold short. Based on an average trading volume of 32,443 shares, the days-to-cover ratio is currently 3.8 days.

Analysts Set New Price Targets

Several analysts recently weighed in on STHO shares. Weiss Ratings reissued a “sell (d)” rating on shares of Star in a research note on Monday, December 29th. Wall Street Zen lowered Star from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Star Stock Performance

NASDAQ:STHO opened at $8.12 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 7.84 and a current ratio of 7.84. Star has a fifty-two week low of $6.05 and a fifty-two week high of $9.25. The company has a 50 day simple moving average of $8.35 and a two-hundred day simple moving average of $8.07. The company has a market capitalization of $98.17 million, a PE ratio of -1.66 and a beta of 1.08.

Institutional Investors Weigh In On Star

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in Star by 226.5% during the second quarter. Tower Research Capital LLC TRC now owns 5,207 shares of the company’s stock worth $41,000 after buying an additional 3,612 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Star by 238.0% during the second quarter. PNC Financial Services Group Inc. now owns 10,073 shares of the company’s stock valued at $79,000 after acquiring an additional 7,093 shares during the last quarter. XTX Topco Ltd acquired a new stake in Star during the 2nd quarter worth about $79,000. AQR Capital Management LLC acquired a new stake in Star during the 1st quarter worth about $96,000. Finally, PDT Partners LLC bought a new position in shares of Star in the 2nd quarter worth about $124,000. 89.31% of the stock is currently owned by institutional investors and hedge funds.

Star Company Profile

Star Holdings engages in the non-ground lease related commercial real estate businesses in the United States. Its portfolio primarily comprises interest in the Asbury Park Waterfront and Magnolia Green residential development projects. Star Holdings is based in New York, New York.