Shimmick Co. (NASDAQ:SHIM) Short Interest Update

Shimmick Co. (NASDAQ:SHIM) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 42,900 shares, a decline of 34.2% from the November 15th total of 65,200 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 420,500 shares, the short-interest ratio is presently 0.1 days.

Insiders Place Their Bets

In other Shimmick news, Director Mitchell B. Goldsteen sold 325,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $3.26, for a total value of $1,059,500.00. Following the completion of the sale, the director now directly owns 21,583,800 shares of the company’s stock, valued at $70,363,188. The trade was a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 77.00% of the company’s stock.

Institutional Investors Weigh In On Shimmick

Large investors have recently modified their holdings of the stock. State Street Corp bought a new position in Shimmick in the third quarter worth about $36,000. E&G Advisors LP purchased a new position in shares of Shimmick during the 3rd quarter worth approximately $31,000. Finally, Perritt Capital Management Inc raised its position in shares of Shimmick by 140.7% in the 2nd quarter. Perritt Capital Management Inc now owns 36,100 shares of the company’s stock worth $56,000 after acquiring an additional 21,100 shares in the last quarter. Institutional investors own 6.94% of the company’s stock.

Shimmick Trading Down 4.6 %

NASDAQ:SHIM traded down $0.13 during trading hours on Friday, hitting $2.72. The company had a trading volume of 70,548 shares, compared to its average volume of 1,296,321. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a 50-day moving average price of $2.31 and a 200 day moving average price of $2.48. The company has a market capitalization of $91.94 million and a PE ratio of -0.69. Shimmick has a 52 week low of $1.47 and a 52 week high of $7.99.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SHIM shares. Craig Hallum lowered their price target on shares of Shimmick from $4.00 to $3.00 and set a “hold” rating for the company in a report on Monday, August 19th. Roth Mkm lowered their price objective on shares of Shimmick from $3.50 to $3.00 and set a “neutral” rating for the company in a research note on Monday, August 19th.

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.