Short Interest in Star Equity Holdings, Inc. (NASDAQ:STRR) Grows By 69.1%

Star Equity Holdings, Inc. (NASDAQ:STRR) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 27,900 shares, an increase of 69.1% from the January 31st total of 16,500 shares. Based on an average daily volume of 13,600 shares, the short-interest ratio is presently 2.1 days. Approximately 1.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Star Equity stock. Renaissance Technologies LLC lifted its position in Star Equity Holdings, Inc. (NASDAQ:STRR) by 37.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,460 shares of the company’s stock after purchasing an additional 4,718 shares during the quarter. Renaissance Technologies LLC owned 0.54% of Star Equity worth $39,000 at the end of the most recent reporting period. Institutional investors own 3.84% of the company’s stock.

Star Equity Price Performance

Shares of STRR stock traded down $0.15 during trading hours on Monday, hitting $2.13. The company had a trading volume of 1,294 shares, compared to its average volume of 9,922. Star Equity has a 12 month low of $2.05 and a 12 month high of $5.35. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.60 and a current ratio of 2.05. The firm’s fifty day moving average is $2.18 and its 200 day moving average is $3.12. The firm has a market capitalization of $6.85 million, a price-to-earnings ratio of -0.83 and a beta of 0.15.

Star Equity Company Profile

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.