Shimmick Co. (NASDAQ:SHIM) Short Interest Down 22.3% in January

Posted by John Adams on Feb 14th, 2025

Shimmick Co. (NASDAQ:SHIM – Get Free Report) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 68,800 shares, a decline of 22.3% from the January 15th total of 88,500 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average daily volume of 438,900 shares, the days-to-cover ratio is presently 0.2 days.

Insider Buying and Selling at Shimmick

In other news, Director Mitchell B. Goldsteen sold 325,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $3.26, for a total value of $1,059,500.00. Following the sale, the director now directly owns 21,583,800 shares of the company’s stock, valued at $70,363,188. This represents a 1.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 77.00% of the company’s stock.

Institutional Trading of Shimmick

Hedge funds and other institutional investors have recently modified their holdings of the business. E&G Advisors LP purchased a new stake in shares of Shimmick in the 3rd quarter worth about $31,000. State Street Corp bought a new position in Shimmick in the 3rd quarter worth about $36,000. Avanza Fonder AB bought a new position in Shimmick in the 4th quarter worth about $52,000. Thompson Davis & CO. Inc. bought a new position in Shimmick in the 4th quarter worth about $96,000. Finally, LPL Financial LLC bought a new position in Shimmick in the 4th quarter worth about $284,000. 6.94% of the stock is owned by hedge funds and other institutional investors.

Shimmick Price Performance

NASDAQ:SHIM opened at $2.15 on Friday. The firm’s 50-day moving average price is $2.65 and its 200-day moving average price is $2.65. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 58.60. Shimmick has a 1-year low of $1.47 and a 1-year high of $7.99.

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.