Short Interest in Star Equity Holdings, Inc. (NASDAQ:STRRP) Rises By 1,148.8%

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

Star Equity Stock Down 1.6%

STRRP traded down $0.16 during trading on Friday, reaching $9.61. 643 shares of the company’s stock were exchanged, compared to its average volume of 4,213. Star Equity has a fifty-two week low of $8.77 and a fifty-two week high of $10.92. The business has a 50 day moving average price of $9.91 and a 200 day moving average price of $9.91.

Star Equity Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Tuesday, September 1st were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.00 dividend on an annualized basis and a yield of 10.4%.

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