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The name Gliese 581 refers to the catalog number from the 1957 survey Gliese Catalogue of Nearby Stars of 965 stars located within 20 parsecs of the Earth. Other names of this star include BD-07 4003 (BD catalogue, first known publication) and HO Librae (variable star designation). It does not have an individual name such as Sirius or Procyon.The star is a red dwarf with spectral type M3V, located 20.4 light-years away from Earth. It is located about two degrees north of Beta Librae, the brightest star in the Libra constellation. Its mass is estimated to be approximately a third that of the Sun, and it is the 89th closest known star system to the Sun Gliese 581 is classified as a variable star of the BY Draconis type, and has been given the variable star designation HO Librae. This is a star that exhibits variability because of the presence of star spots combined with the rotation of the star. However, the measured variability is close to the margin of error, and, if real, is most likely a long term variability.