Short Interest in Shimmick Co. (NASDAQ:SHIM) Grows By 431.7%

Shimmick Co. (NASDAQ:SHIM) was the recipient of a significant 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 days-to-cover ratio is presently 0.5 days. Currently, 6.8% of the company’s stock are sold short.

Insider Buying and Selling at Shimmick

In other Shimmick news, Director Mitchell B. Goldsteen sold 325,000 shares of Shimmick stock in a transaction on 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 of the company’s stock, valued at $70,363,188. The trade was a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 77.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Shimmick

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

Shimmick Price Performance

Shares of NASDAQ:SHIM remained flat at $3.15 during trading on Friday. 138,914 shares of the company were exchanged, compared to its average volume of 411,408. The stock has a market cap of $106.46 million and a PE ratio of -0.80. Shimmick has a twelve month low of $1.47 and a twelve month high of $7.99. The company’s 50 day moving average is $2.37 and its 200 day moving average is $2.52. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.80 and a quick 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.