Short interest in Star Equity Holdings, Inc. (NASDAQ:STRR) Expands 34.2%

Star Equity Holdings, Inc. (NASDAQ:STRR – Get Free Report ) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 44,700 shares, an increase of 34.2% from August 31st’s total of 31,300 shares. Based on an average daily volume of 15,800 shares, the days-to-cover ratio is currently 2.8 days. About 2.0% of the company’s shares are short sold.

Star Equity stock down 6.2%

Shares of STRR traded down $0.27 on Friday, reaching $4.06. 6,950 shares of the company’s stock were exchanged, compared to its average volume of 11,261. The firm has a 50 day moving average price of $4.30 and a two hundred day moving average price of $4.36. Star Equity has a 12 month low of $3.43 and a 12 month high of $6.52. The stock has a market cap of $13.11 million, a P/E ratio of 0.67 and a beta of 0.08. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.56, and a current ratio of 2.01.

Star Equity (NASDAQ:STRR – Get Free Report ) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.04). Star Equity had a negative return on equity of 5.74% and a negative net margin of 14.65%. The business had revenue of $13.48 million for the quarter, compared to analysts’ expectations of $13.00 million. As a group, equities research analysts expect that Star Equity will post -0.78 EPS for the current fiscal year.

About Star Equity

(Get a free report)

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

Read more

Get news and ratings for Star Equity Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Star Equity and related companies with MarketBeat.com’s FREE daily email newsletter.