Shimmick Co. (NASDAQ:SHIM - Get Free Report) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 47,800 shares, a decrease of 17.4% from the March 31st total of 57,900 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 12,000 shares, the short-interest ratio is presently 4.0 days.
Shimmick Price Performance
Shares of SHIM traded down $0.15 during trading hours on Wednesday, hitting $1.46. The stock had a trading volume of 11,398 shares, compared to its average volume of 393,276. Shimmick has a 52 week low of $1.30 and a 52 week high of $4.94. The stock has a market capitalization of $50.18 million, a price-to-earnings ratio of -0.37 and a beta of 0.84. The company's fifty day moving average is $1.64 and its two-hundred day moving average is $2.15. The company has a debt-to-equity ratio of 58.60, a current ratio of 0.80 and a quick ratio of 0.80.
Shimmick (NASDAQ:SHIM - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.62). Shimmick had a negative return on equity of 355.53% and a negative net margin of 20.16%. The company had revenue of $103.55 million for the quarter, compared to analyst estimates of $118.90 million. During the same quarter last year, the company earned ($0.59) EPS. On average, analysts anticipate that Shimmick will post -2.48 EPS for the current year.
Institutional Investors Weigh In On Shimmick
Institutional investors have recently bought and sold shares of the company. State Street Corp bought a new position in shares of Shimmick in the third quarter valued at $36,000. Sanders Morris Harris LLC increased its position in Shimmick by 20.7% during the fourth quarter. Sanders Morris Harris LLC now owns 712,665 shares of the company's stock worth $1,846,000 after buying an additional 122,442 shares during the last quarter. Avanza Fonder AB bought a new stake in Shimmick in the fourth quarter valued at approximately $52,000. Thompson Davis & CO. Inc. bought a new position in shares of Shimmick during the 4th quarter worth approximately $96,000. Finally, LPL Financial LLC bought a new stake in Shimmick in the 4th quarter valued at $284,000. Institutional investors own 6.94% of the company's stock.
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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