Short Interest in Star Equity Holdings, Inc. (NASDAQ:STRR) Declines By 22.6%

Star Equity Holdings, Inc. (NASDAQ:STRR) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 33,300 shares, a drop of 22.6% from the August 15th total of 43,000 shares. Based on an average daily volume of 20,600 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.5% of the shares of the stock are sold short.

Star Equity Price Performance

STRR traded up $0.05 on Friday, hitting $4.12. 12,642 shares of the company’s stock traded hands, compared to its average volume of 11,412. The company’s 50 day simple moving average is $4.36 and its 200-day simple moving average is $4.39. The company has a current ratio of 2.01, a quick ratio of 1.56 and a debt-to-equity ratio of 0.21. Star Equity has a one year low of $3.43 and a one year high of $6.52. The firm has a market cap of $13.06 million, a price-to-earnings ratio of 0.63 and a beta of 0.08.

Star Equity (NASDAQ:STRR) last released its quarterly earnings data on Tuesday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.04). Star Equity had a negative net margin of 14.65% and a negative return on equity of 5.74%. The company had revenue of $13.48 million for the quarter, compared to the consensus estimate of $13.00 million. As a group, research analysts anticipate that Star Equity will post -0.78 EPS for the current year.

About Star Equity

Star Equity Holdings, Inc engages in the construction business in the United States and internationally. It operates through two segments: Construction, and Investments. It manufactures modular housing units, structural wall panels, permanent wood foundation systems, and other engineered wood products; supplies general contractors with building materials; holds real estate assets; and manages investments.