Shimmick Co. (NASDAQ:SHIM) Short Interest Up 431.7% in December

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 daily trading volume, of 430,100 shares, the short-interest ratio is presently 0.5 days. Currently, 6.8% of the shares of the stock are sold short.

Insider Activity at Shimmick

In other Shimmick news, Director Mitchell B. Goldsteen sold 325,000 shares of the company’s 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 completion of the sale, the director now directly owns 21,583,800 shares in the company, valued at $70,363,188. This represents 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 this hyperlink. 77.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Shimmick

Institutional investors and hedge funds have recently bought and sold shares of the business. E&G Advisors LP bought a new stake in shares of Shimmick in the 3rd quarter worth approximately $31,000. State Street Corp bought a new stake in Shimmick during the third quarter worth approximately $36,000. Finally, Perritt Capital Management Inc grew its position in Shimmick by 140.7% in the second quarter. Perritt Capital Management Inc now owns 36,100 shares of the company’s stock worth $56,000 after buying an additional 21,100 shares during the last quarter. 6.94% of the stock is owned by institutional investors and hedge funds.

Shimmick Price Performance

Shares of Shimmick stock remained flat at $3.15 during trading on Friday. The stock had a trading volume of 138,914 shares, compared to its average volume of 411,408. The firm’s fifty day simple moving average is $2.37 and its two-hundred day simple moving average is $2.52. Shimmick has a twelve month low of $1.47 and a twelve month high of $7.99. The stock has a market capitalization of $106.46 million and a price-to-earnings ratio of -0.80. The company has a debt-to-equity ratio of 58.60, a quick ratio of 0.80 and a current ratio of 0.80.

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.