Shimmick Co. (NASDAQ:SHIM - Get Free Report) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 51,400 shares, an increase of 31.5% from the March 31st total of 39,100 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average daily volume of 63,100 shares, the days-to-cover ratio is presently 0.8 days.
Wall Street Analysts Forecast Growth
Separately, Roth Mkm decreased their price target on Shimmick from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Monday, April 1st.
Get Our Latest Report on SHIM
Institutional Trading of Shimmick
Institutional investors have recently modified their holdings of the company. Sanders Morris Harris LLC purchased a new stake in shares of Shimmick during the first quarter valued at $3,243,000. BNP Paribas Asset Management Holding S.A. purchased a new stake in shares of Shimmick during the fourth quarter valued at $2,885,000. Pacific Ridge Capital Partners LLC purchased a new stake in shares of Shimmick during the fourth quarter valued at $2,580,000. 1492 Capital Management LLC purchased a new stake in shares of Shimmick during the fourth quarter valued at $1,997,000. Finally, Skylands Capital LLC purchased a new stake in shares of Shimmick during the fourth quarter valued at $300,000. Institutional investors and hedge funds own 6.94% of the company's stock.
Shimmick Trading Down 1.2 %
Shares of NASDAQ:SHIM traded down $0.05 on Friday, hitting $4.03. The company's stock had a trading volume of 387,257 shares, compared to its average volume of 199,891. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.95 and a current ratio of 0.95. The company's 50-day moving average price is $5.31. Shimmick has a 12 month low of $2.15 and a 12 month high of $7.99.
Shimmick (NASDAQ:SHIM - Get Free Report) last announced its quarterly earnings data on Thursday, March 28th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.51). The firm had revenue of $138.06 million during the quarter, compared to analyst estimates of $159.50 million. Equities analysts predict that Shimmick will post -0.09 earnings per share for the current year.
About Shimmick
(
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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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