Shimmick Co. (NASDAQ:SHIM) Short Interest Update

Shimmick Co. (NASDAQ:SHIM - Get Free Report) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 144,400 shares, a decrease of 36.7% from the December 15th total of 228,100 shares. Approximately 4.3% of the shares of the company are short sold. Based on an average trading volume of 443,900 shares, the short-interest ratio is presently 0.3 days.

Shimmick Price Performance

Shimmick stock traded down $0.03 during mid-day trading on Tuesday, hitting $2.46. 17,555 shares of the company were exchanged, compared to its average volume of 45,707. The business has a fifty day moving average of $2.53 and a 200 day moving average of $2.64. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 58.60. Shimmick has a 1-year low of $1.47 and a 1-year high of $7.99. The company has a market capitalization of $83.14 million, a PE ratio of -0.63 and a beta of 0.05.

Insider Buying and Selling at Shimmick

In related news, Director Mitchell B. Goldsteen sold 325,000 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $3.26, for a total transaction of $1,059,500.00. Following the transaction, the director now directly owns 21,583,800 shares in the company, valued at $70,363,188. The trade was a 1.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 77.00% of the company's stock.

Institutional Trading of Shimmick

A hedge fund recently bought a new stake in Shimmick stock. E&G Advisors LP bought a new position in shares of Shimmick Co. (NASDAQ:SHIM - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,350 shares of the company's stock, valued at approximately $31,000. 6.94% of the stock is owned by hedge funds and other institutional investors.

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.