Shimmick Co. (NASDAQ:SHIM) Short Interest Update

Shimmick Co. (NASDAQ:SHIM) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 228,100 shares, a growth of 431.7% from the November 30th total of 42,900 shares. Based on an average trading volume of 430,100 shares, the short-interest ratio is currently 0.5 days. Approximately 6.8% of the shares of the company are sold short.

Insiders Place Their Bets

In related news, Director Mitchell B. Goldsteen sold 325,000 shares of the 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 owns 21,583,800 shares in the company, valued at approximately $70,363,188. This represents a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 77.00% of the stock is currently owned by insiders.

Institutional Trading of Shimmick

Several institutional investors and hedge funds have recently added to or reduced their stakes in SHIM. Perritt Capital Management Inc increased its stake in shares of Shimmick by 140.7% during the 2nd quarter. Perritt Capital Management Inc now owns 36,100 shares of the company’s stock worth $56,000 after purchasing an additional 21,100 shares during the last quarter. State Street Corp bought a new stake in Shimmick in the third quarter valued at approximately $36,000. Finally, E&G Advisors LP acquired a new stake in shares of Shimmick in the third quarter valued at approximately $31,000. 6.94% of the stock is owned by institutional investors.

Shimmick Price Performance

Shares of NASDAQ:SHIM traded up $0.15 during midday trading on Thursday, reaching $3.12. 90,461 shares of the company’s stock were exchanged, compared to its average volume of 412,447. The company has a debt-to-equity ratio of 58.60, a quick ratio of 0.80 and a current ratio of 0.80. The company’s 50 day simple moving average is $2.34 and its two-hundred day simple moving average is $2.52. The firm has a market capitalization of $105.45 million and a PE ratio of -0.80. Shimmick has a 12 month low of $1.47 and a 12 month high of $7.99.

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.