Shimmick Co. (NASDAQ:SHIM) Short Interest Update

Shimmick Co. (NASDAQ:SHIM) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 144,400 shares, a decrease of 36.7% from the December 15th total of 228,100 shares. Currently, 4.3% of the company’s shares are sold short. Based on an average trading volume of 443,900 shares, the short-interest ratio is currently 0.3 days.

Shimmick Stock Up 6.8 %

SHIM traded up $0.17 during midday trading on Thursday, hitting $2.66. The company had a trading volume of 37,621 shares, compared to its average volume of 42,312. The company has a market capitalization of $89.91 million, a price-to-earnings ratio of -0.68 and a beta of 0.05. The stock’s 50 day moving average price is $2.55 and its 200 day moving average price is $2.63. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 58.60. Shimmick has a 52 week low of $1.47 and a 52 week high of $7.99.

Insider Activity at Shimmick

In other Shimmick news, Director Mitchell B. Goldsteen sold 325,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $3.26, for a total value of $1,059,500.00. Following the transaction, the director now directly owns 21,583,800 shares of the company’s stock, valued at approximately $70,363,188. The trade was a 1.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 77.00% of the stock is currently owned by company insiders.

Institutional Trading of Shimmick

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. E&G Advisors LP acquired a new position in shares of Shimmick during the third quarter valued at about $31,000. State Street Corp purchased a new stake in shares of Shimmick during the 3rd quarter valued at $36,000. Avanza Fonder AB bought a new stake in Shimmick in the fourth quarter worth about $52,000. Finally, Sanders Morris Harris LLC lifted its stake in Shimmick by 20.7% in the fourth quarter. Sanders Morris Harris LLC now owns 712,665 shares of the company’s stock valued at $1,846,000 after purchasing an additional 122,442 shares during the last quarter. 6.94% of the stock is owned by institutional investors.

Shimmick Company Profile

Shimmick Corporation provides water and other critical infrastructure solutions in the United States. The company undertakes water and wastewater treatment infrastructure; water storage and conveyance, including dams, levees, flood control systems, pump stations, and coastal protection infrastructure; and mass transit, bridges, and military infrastructure projects.