Shimmick Corporation (NASDAQ:SHIM) Short Interest Update

by · The Cerbat Gem

Shimmick Corporation (NASDAQ:SHIM – Get Free Report) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 45,700 shares, a decline of 43.3% from the August 15th total of 80,600 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 53,500 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 53,500 shares, the short-interest ratio is currently 0.9 days. Approximately 1.2% of the company’s shares are short sold.

Insider Activity at Shimmick

In related news, Director Mitchell B. Goldsteen sold 30,805 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $2.23, for a total transaction of $68,695.15. Following the completion of the sale, the director directly owned 21,134,308 shares in the company, valued at $47,129,506.84. This represents a 0.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 238,601 shares of company stock valued at $492,789 over the last quarter. 77.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Shimmick stock. Thompson Davis & CO. Inc. raised its holdings in Shimmick Corporation (NASDAQ:SHIM – Free Report) by 21.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,000 shares of the company’s stock after buying an additional 8,000 shares during the quarter. Thompson Davis & CO. Inc. owned about 0.13% of Shimmick worth $81,000 at the end of the most recent quarter. 6.94% of the stock is owned by hedge funds and other institutional investors.

Shimmick Trading Down 1.1%

Shares of SHIM stock traded down $0.04 during mid-day trading on Monday, reaching $3.14. The stock had a trading volume of 14,454 shares, compared to its average volume of 30,899. The stock’s 50-day moving average price is $2.41 and its two-hundred day moving average price is $1.91. The firm has a market capitalization of $110.73 million, a PE ratio of -1.83 and a beta of 0.84. Shimmick has a 52-week low of $1.30 and a 52-week high of $3.78.

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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