Shimmick Co. (NASDAQ:SHIM) Short Interest Down 27.7% in February

Shimmick Co. (NASDAQ:SHIMGet Free Report) saw a large decline in short interest in 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. Currently, 1.6% of the company’s shares are short sold. Based on an average daily volume of 72,000 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On Shimmick

Several institutional investors have recently bought and sold shares of the company. State Street Corp bought a new stake in shares of Shimmick during the 3rd quarter valued at $36,000. Avanza Fonder AB bought a new position in Shimmick in the 4th quarter valued at $52,000. Thompson Davis & CO. Inc. purchased a new position in shares of Shimmick during the 4th quarter valued at $96,000. LPL Financial LLC purchased a new position in Shimmick during the fourth quarter worth about $284,000. Finally, Pacific Ridge Capital Partners LLC increased its stake in 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 last quarter. Hedge funds and other institutional investors own 6.94% of the company’s stock.

Shimmick Trading Up 2.1 %

NASDAQ SHIM traded up $0.04 during trading hours on Monday, hitting $1.71. 558 shares of the company’s stock were exchanged, compared to its average volume of 412,680. Shimmick has a 1-year low of $1.47 and a 1-year high of $7.05. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 58.60. The firm has a market cap of $57.62 million, a price-to-earnings ratio of -0.43 and a beta of 0.59. The stock has a 50-day simple moving average of $2.27 and a 200 day simple moving average of $2.43.

Shimmick (NASDAQ:SHIMGet Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.62). The business had revenue of $103.55 million for 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 quarter last year, the firm posted ($0.59) EPS. On average, equities analysts forecast that Shimmick will post -2.48 EPS for the current fiscal year.

Shimmick Company Profile

(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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