Shimmick Co. (NASDAQ:SHIM - Get Free Report) saw a significant decrease in short interest in 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. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 16,500 shares, the short-interest ratio is currently 1.9 days.
Institutional Investors Weigh In On Shimmick
A number of institutional investors and hedge funds have recently made changes to their positions in SHIM. Thompson Davis & CO. Inc. lifted its stake in Shimmick by 21.6% during the first quarter. Thompson Davis & CO. Inc. now owns 45,000 shares of the company's stock worth $81,000 after purchasing an additional 8,000 shares during the last quarter. LPL Financial LLC bought a new position in Shimmick during the 4th quarter valued at approximately $284,000. Pacific Ridge Capital Partners LLC raised its position in Shimmick by 41.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 486,160 shares of the company's stock valued at $1,259,000 after purchasing an additional 141,861 shares during the last quarter. Finally, Sanders Morris Harris LLC raised its position 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. Hedge funds and other institutional investors own 6.94% of the company's stock.
Shimmick Stock Performance
Shimmick stock traded down $0.01 during trading on Wednesday, hitting $1.49. The stock had a trading volume of 9,574 shares, compared to its average volume of 382,452. Shimmick has a 1 year low of $1.30 and a 1 year high of $4.94. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 58.60. The stock's 50 day moving average is $1.58 and its two-hundred day moving average is $2.09. The stock has a market cap of $51.29 million, a price-to-earnings ratio of -0.38 and a beta of 0.76.
Shimmick (NASDAQ:SHIM - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.09. Shimmick had a negative return on equity of 355.53% and a negative net margin of 20.16%. The firm had revenue of $122.00 million for the quarter, compared to the consensus estimate of $94.35 million. During the same quarter in the prior year, the business posted ($1.15) earnings per share. As a group, analysts predict that Shimmick will post -2.48 EPS for the current 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.
See Also
Before you consider Shimmick, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Shimmick wasn't on the list.
While Shimmick currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
