Shimmick Co. (NASDAQ:SHIM) Short Interest Update

Shimmick Co. (NASDAQ:SHIM) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 65,200 shares, a growth of 54.9% from the October 31st total of 42,100 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 30,200 shares, the short-interest ratio is presently 2.2 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SHIM. Roth Mkm lowered their price objective on shares of Shimmick from $3.50 to $3.00 and set a “neutral” rating for the company in a report on Monday, August 19th. Craig Hallum cut their price target on shares of Shimmick from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Monday, August 19th.

Shimmick Stock Up 8.3 %

Shares of NASDAQ:SHIM traded up $0.18 during midday trading on Friday, reaching $2.35. The company’s stock had a trading volume of 69,991 shares, compared to its average volume of 71,518. Shimmick has a 12-month low of $1.47 and a 12-month high of $7.99. The firm has a market capitalization of $79.25 million and a P/E ratio of -0.60. The firm has a 50 day moving average of $2.24 and a 200-day moving average of $2.39. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 58.60.

Institutional Investors Weigh In On Shimmick

A number of institutional investors have recently made changes to their positions in SHIM. E&G Advisors LP purchased a new stake in shares of Shimmick during the third quarter valued at $31,000. State Street Corp bought a new stake in shares of Shimmick in the third quarter worth approximately $36,000. Perritt Capital Management Inc grew its stake in shares of Shimmick by 140.7% in the second quarter. Perritt Capital Management Inc now owns 36,100 shares of the company’s stock worth $56,000 after acquiring an additional 21,100 shares during the period. Finally, Sanders Morris Harris LLC raised its holdings in shares of Shimmick by 8.3% during the second quarter. Sanders Morris Harris LLC now owns 609,892 shares of the company’s stock valued at $945,000 after purchasing an additional 46,788 shares during the last quarter. Hedge funds and other institutional investors own 6.94% of the company’s stock.

About Shimmick

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.