The title speaks for itself: How to convert IEEE-11073 16-bit SFLOAT to simple float in Java?
You can use bit shifting. extract the sign, exponent and mantissa and shift these so they are in float format. You may need to correct for Infinity and NaN.
As @PretiP's answer points out the exponent is base 10 so you would need to multiply or divide by a power of 10 to get the final value.