Star Equity Holdings, Inc. (NASDAQ:STRRP) Sees Significant Growth in Short Interest

Star Equity Holdings, Inc. (NASDAQ:STRRP) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 59,907 shares, a growth of 1,148.8% from the August 15th total of 4,797 shares. Based on an average daily volume of 10,682 shares, the days-to-cover ratio is currently 5.6 days.

Star Equity Stock Performance

Star Equity stock traded down $0.08 during trading on Friday, hitting $9.69. The company’s stock had a trading volume of 793 shares, compared to its average volume of 4,214. The stock’s fifty day moving average is $9.90 and its 200 day moving average is $9.91. Star Equity has a 1-year low of $8.77 and a 1-year high of $10.92.

Star Equity Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Tuesday, September 1st were issued a $0.25 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.00 annualized dividend and a yield of 10.3%.

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. The company was formerly known as Digirad Corporation and changed its name to Star Equity Holdings, Inc in December 2020.