Short Interest in Shimmick Co. (NASDAQ:SHIM) Decreases By 22.3%

Shimmick Co. (NASDAQ:SHIM - Get Free Report) was the recipient of a significant 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. Currently, 2.1% of the shares of the company are sold short. Based on an average trading volume of 438,900 shares, the days-to-cover ratio is currently 0.2 days.

Shimmick Stock Performance

NASDAQ SHIM traded up $0.04 on Tuesday, hitting $2.24. The stock had a trading volume of 5,781 shares, compared to its average volume of 21,099. Shimmick has a one year low of $1.47 and a one year 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 stock has a market cap of $75.71 million, a price-to-earnings ratio of -0.57 and a beta of 0.07. The company's 50-day moving average is $2.60 and its two-hundred day moving average is $2.62.

Insider Buying and Selling

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 value of $1,059,500.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. 77.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sanders Morris Harris LLC grew its position 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 purchasing an additional 122,442 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Shimmick by 41.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company's stock valued at $1,259,000 after acquiring an additional 141,861 shares in the last quarter. LPL Financial LLC bought a new position in shares of Shimmick in the fourth quarter valued at approximately $284,000. Thompson Davis & CO. Inc. bought a new position in shares of Shimmick in the fourth quarter valued at approximately $96,000. Finally, Avanza Fonder AB bought a new position in shares of Shimmick in the fourth quarter valued at approximately $52,000. 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.