Shimmick Co. (NASDAQ:SHIM - Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 31,300 shares, a decrease of 18.7% from the April 30th total of 38,500 shares. Based on an average trading volume of 16,500 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.9% of the company's stock are sold short.
Institutional Investors Weigh In On Shimmick
Institutional investors have recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. acquired a new stake in Shimmick during the fourth quarter valued at approximately $96,000. LPL Financial LLC acquired a new position in shares of Shimmick in the 4th quarter worth approximately $284,000. Pacific Ridge Capital Partners LLC boosted its holdings 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 in the last quarter. Finally, Sanders Morris Harris LLC boosted its holdings in shares of Shimmick by 4.2% in the 1st quarter. Sanders Morris Harris LLC now owns 742,941 shares of the company's stock worth $1,337,000 after acquiring an additional 30,276 shares in the last quarter. 6.94% of the stock is owned by institutional investors and hedge funds.
Shimmick Stock Up 4.7%
NASDAQ:SHIM traded up $0.07 during trading hours on Friday, reaching $1.54. The company's stock had a trading volume of 27,611 shares, compared to its average volume of 383,795. The company has a market cap of $52.98 million, a price-to-earnings ratio of -0.39 and a beta of 0.76. Shimmick has a one year low of $1.30 and a one year high of $4.94. The business's 50-day moving average is $1.57 and its 200-day moving average is $2.07. 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 data on Wednesday, May 14th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.31) by $0.09. The firm had revenue of $122.00 million during the quarter, compared to analysts' expectations of $94.35 million. Shimmick had a negative net margin of 20.16% and a negative return on equity of 355.53%. During the same period in the prior year, the company posted ($1.15) earnings per share. Equities research analysts predict 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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