Shimmick Co. (NASDAQ:SHIM) Short Interest Down 22.3% in January

Shimmick Co. (NASDAQ:SHIM) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 68,800 shares, a decrease of 22.3% from the January 15th total of 88,500 shares. Approximately 2.1% of the shares of the company are sold short. Based on an average trading volume of 438,900 shares, the short-interest ratio is presently 0.2 days.

Insider Buying and Selling at Shimmick

In other Shimmick news, Director Mitchell B. Goldsteen sold 325,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $3.26, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 77.00% of the company’s stock.

Institutional Investors Weigh In On Shimmick

Several hedge funds and other institutional investors have recently made changes to their positions in SHIM. Pacific Ridge Capital Partners LLC increased its position 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 valued at $1,259,000 after purchasing an additional 141,861 shares during the last quarter. Sanders Morris Harris LLC increased its holdings in Shimmick by 20.7% in the 4th 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 in the last quarter. LPL Financial LLC purchased a new stake in Shimmick in the 4th quarter worth approximately $284,000. Thompson Davis & CO. Inc. purchased a new stake in Shimmick in the 4th quarter worth approximately $96,000. Finally, Avanza Fonder AB purchased a new stake in Shimmick in the 4th quarter worth approximately $52,000. Hedge funds and other institutional investors own 6.94% of the company’s stock.

Shimmick Trading Down 4.0 %

NASDAQ SHIM opened at $2.15 on Friday. Shimmick has a 52 week low of $1.47 and a 52 week high of $7.99. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 58.60. The company has a 50-day moving average price of $2.65 and a 200-day moving average price of $2.65.

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.