Shimmick Co. (NASDAQ:SHIM) Short Interest Update

Shimmick Co. (NASDAQ:SHIM) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 52,300 shares, a decline of 27.7% from the February 13th total of 72,300 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 72,000 shares, the short-interest ratio is presently 0.7 days.

Shimmick Trading Up 2.1 %

SHIM stock traded up $0.04 during midday trading on Monday, reaching $1.71. The company’s stock had a trading volume of 558 shares, compared to its average volume of 412,680. The business’s 50-day simple moving average is $2.27 and its 200-day simple moving average is $2.43. 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 $7.05. The stock has a market cap of $57.62 million, a PE ratio of -0.43 and a beta of 0.59.

Shimmick (NASDAQ:SHIM) last released its earnings results on Thursday, March 13th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.62). Shimmick had a negative return on equity of 355.53% and a negative net margin of 20.16%. The firm had revenue of $103.55 million for the quarter, compared to the consensus estimate of $118.90 million. During the same quarter last year, the company posted ($0.59) EPS. As a group, sell-side analysts expect that Shimmick will post -2.48 EPS for the current year.

Institutional Trading of Shimmick

A number of large investors have recently added to or reduced their stakes in SHIM. Sanders Morris Harris LLC raised its holdings in shares of Shimmick by 20.7% in the 4th 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 period. State Street Corp bought a new stake in shares of Shimmick during the third quarter worth approximately $36,000. Avanza Fonder AB acquired a new position in shares of Shimmick in the fourth quarter valued at approximately $52,000. Thompson Davis & CO. Inc. acquired a new stake in Shimmick during the 4th quarter worth approximately $96,000. Finally, LPL Financial LLC bought a new stake in Shimmick in the 4th quarter valued at $284,000. Institutional investors and hedge funds own 6.94% of the company’s stock.

About Shimmick

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.