Star Equity Holdings, Inc. (NASDAQ:STRR) Short Interest Down 79.5% in June

Star Equity Holdings, Inc. (NASDAQ:STRR) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totalling 44,700 shares, a decline of 79.5% from the May 31st total of 217,700 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 12,800 shares, the short-interest ratio is currently 3.5 days.

Star Equity Stock Up 3.6 %

STRR stock traded up $0.16 during trading hours on Friday, hitting $4.54. The company’s stock had a trading volume of 107,119 shares, compared to its average volume of 10,655. The company has a market capitalization of $14.39 million, a PE ratio of 0.70 and a beta of 0.16. Star Equity has a 12 month low of $3.43 and a 12 month high of $6.52. The stock has a 50 day moving average price of $4.32 and a two-hundred day moving average price of $4.64.

Star Equity (NASDAQ:STRR) last posted its earnings results on Monday, May 20th. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.35). Star Equity had a negative return on equity of 5.42% and a net margin of 52.81%. The business had revenue of $9.12 million during the quarter, compared to the consensus estimate of $9.50 million. Sell-side analysts expect that Star Equity will post -0.5 earnings per share for the current year.

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.