Shimmick Co. (NASDAQ:SHIM) Short Interest Up 19.1% in March

Shimmick Co. (NASDAQ:SHIM) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 57,900 shares, an increase of 19.1% from the March 15th total of 48,600 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average daily trading volume, of 17,200 shares, the days-to-cover ratio is presently 3.4 days.

Shimmick Trading Down 0.1 %

Shares of SHIM stock traded down $0.00 on Monday, reaching $1.56. 2,785 shares of the stock were exchanged, compared to its average volume of 410,477. The stock has a 50 day moving average price of $1.76 and a 200 day moving average price of $2.21. The stock has a market cap of $53.55 million, a PE ratio of -0.40 and a beta of 0.84. Shimmick has a one year low of $1.30 and a one year high of $4.94. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.80 and a quick ratio of 0.80.

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

Institutional Trading of Shimmick

A number of large investors have recently made changes to their positions in SHIM. State Street Corp bought a new position in Shimmick in the third quarter valued at approximately $36,000. Avanza Fonder AB bought a new position in shares of Shimmick during the 4th quarter worth approximately $52,000. Thompson Davis & CO. Inc. acquired a new stake in Shimmick in the 4th quarter valued at $96,000. LPL Financial LLC acquired a new stake in shares of Shimmick in the fourth quarter valued at about $284,000. Finally, Pacific Ridge Capital Partners LLC raised its stake in shares of Shimmick by 41.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company’s stock worth $1,259,000 after purchasing an additional 141,861 shares in the last quarter. Institutional investors 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.