Star Equity Holdings, Inc. (NASDAQ:STRRP) Sees Large Decline in Short Interest

Star Equity Holdings, Inc. (NASDAQ:STRRP) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 35,532 shares, a drop of 38.4% from the September 30th total of 57,684 shares. Based on an average trading volume of 4,847 shares, the short-interest ratio is currently 7.3 days.

Star Equity Stock Up 0.3%

NASDAQ STRRP traded up $0.02 during trading on Tuesday, reaching $8.92. 1,234 shares of the stock traded hands, compared to its average volume of 4,352. The stock’s 50-day moving average price is $9.37 and its 200 day moving average price is $9.75. Star Equity has a fifty-two week low of $8.66 and a fifty-two week high of $10.92.

Star Equity Dividend Announcement

The company also recently announced 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 11.2%.

About Star Equity

Star Equity Holdings, Inc is a diversified holding company headquartered in the United States. The company operates businesses primarily in the building solutions and healthcare sectors, with activities focused on serving customers in the U.S. market.

Through its building solutions operations, Star Equity provides manufactured and modular building products, including structural components and other construction-related solutions. These businesses serve residential, commercial and industrial construction customers and are designed to support more efficient off-site and modular construction.

Star Equity has also operated healthcare businesses that provide diagnostic and medical-imaging products and services.