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

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

Star Equity Price Performance

Shares of NASDAQ:STRR traded down $0.15 during midday trading on Monday, reaching $2.13. The company’s stock had a trading volume of 1,294 shares, compared to its average volume of 9,922. The business’s fifty day simple moving average is $2.18 and its 200-day simple moving average is $3.12. The company has a market capitalization of $6.85 million, a P/E ratio of -0.83 and a beta of 0.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.05 and a quick ratio of 1.60. Star Equity has a fifty-two week low of $2.05 and a fifty-two week high of $5.35.

Hedge Funds Weigh In On Star Equity

A hedge fund recently raised its stake in Star Equity stock. Renaissance Technologies LLC boosted its position in shares of Star Equity Holdings, Inc. (NASDAQ:STRR) by 37.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. 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 about 0.54% of Star Equity worth $39,000 as of its most recent filing with the Securities and Exchange Commission. 3.84% of the stock is currently owned by institutional investors.

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.