Shimmick Co. (NASDAQ:SHIM - Get Free Report) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 52,300 shares, a decline of 27.7% from the February 13th total of 72,300 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 72,000 shares, the days-to-cover ratio is presently 0.7 days.
Institutional Investors Weigh In On Shimmick
A number of institutional investors have recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC lifted its position in shares of Shimmick by 41.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company's stock worth $1,259,000 after acquiring an additional 141,861 shares during the period. Sanders Morris Harris LLC raised its stake in shares of Shimmick by 20.7% in the fourth quarter. Sanders Morris Harris LLC now owns 712,665 shares of the company's stock valued at $1,846,000 after purchasing an additional 122,442 shares in the last quarter. LPL Financial LLC bought a new position in Shimmick in the fourth quarter worth $284,000. Thompson Davis & CO. Inc. acquired a new stake in Shimmick during the fourth quarter worth $96,000. Finally, Avanza Fonder AB acquired a new stake in Shimmick during the fourth quarter worth $52,000. 6.94% of the stock is owned by institutional investors and hedge funds.
Shimmick Stock Performance
Shares of SHIM traded down $0.02 during mid-day trading on Thursday, hitting $1.67. The company's stock had a trading volume of 4,691 shares, compared to its average volume of 412,435. The stock's 50-day moving average is $2.20 and its two-hundred day moving average is $2.40. The firm has a market capitalization of $56.44 million, a PE ratio of -0.43 and a beta of 0.59. The company has a debt-to-equity ratio of 58.60, a quick ratio of 0.80 and a current ratio of 0.80. Shimmick has a one year low of $1.47 and a one year high of $7.05.
Shimmick (NASDAQ:SHIM - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.91) earnings per share for the quarter, missing analysts' consensus estimates of ($0.29) by ($0.62). The company had revenue of $103.55 million during the quarter, compared to the consensus estimate of $118.90 million. Shimmick had a negative net margin of 20.16% and a negative return on equity of 355.53%. During the same period last year, the company earned ($0.59) earnings per share. As a group, sell-side analysts anticipate that Shimmick will post -2.48 EPS for the current year.
About Shimmick
(
Get Free Report)
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.
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