Shimmick Co. (NASDAQ:SHIM) Short Interest Down 27.7% in February

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

Shimmick Price Performance

NASDAQ:SHIM remained flat at $1.70 during trading hours on Tuesday. 6,325 shares of the company’s stock traded hands, compared to its average volume of 411,069. The stock has a market capitalization of $57.45 million, a P/E ratio of -0.43 and a beta of 0.59. Shimmick has a twelve month low of $1.47 and a twelve month high of $7.05. The firm has a 50-day moving average of $2.25 and a 200 day moving average of $2.42. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 58.60.

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

Institutional Investors Weigh In On Shimmick

Institutional investors have recently added to or reduced their stakes in the stock. Pacific Ridge Capital Partners LLC lifted its position in shares of Shimmick by 41.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company’s stock worth $1,259,000 after buying an additional 141,861 shares in the last quarter. LPL Financial LLC purchased a new position in Shimmick during the 4th quarter valued at about $284,000. Thompson Davis & CO. Inc. bought a new stake in Shimmick during the fourth quarter valued at about $96,000. Avanza Fonder AB purchased a new stake in Shimmick during the fourth quarter valued at approximately $52,000. Finally, Sanders Morris Harris LLC grew its stake in shares of Shimmick by 20.7% during the fourth quarter. Sanders Morris Harris LLC now owns 712,665 shares of the company’s stock worth $1,846,000 after acquiring an additional 122,442 shares during the last quarter. 6.94% of the stock is owned by hedge funds and other 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.