Shimmick Corporation (NASDAQ:SHIM) Short Interest Update

Shimmick Corporation (NASDAQ:SHIM - Get Free Report) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 79,800 shares, anincreaseof73.1% from the July 15th total of 46,100 shares. Currently,2.2% of the company's stock are short sold. Based on an average daily volume of 43,700 shares, the short-interest ratio is presently 1.8 days. Based on an average daily volume of 43,700 shares, the short-interest ratio is presently 1.8 days. Currently,2.2% of the company's stock are short sold. Insider Transactions at ShimmickIn other Shimmick news, Director Mitchell B. Goldsteen sold 29,639 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $1.99, for a total transaction of $58,981.61. Following the sale, the director owned 21,353,437 shares in the company, valued at $42,493,339.63. This represents a 0.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 222,131 shares of company stock valued at $430,616 in the last ninety days. Company insiders own 77.00% of the company's stock.Institutional Inflows and OutflowsInstitutional investors have recently added to or reduced their stakes in the company. Sanders Morris Harris LLC increased its position in shares of Shimmick by 0.8% in the 2nd quarter. Sanders Morris Harris LLC now owns 749,173 shares of the company's stock valued at $1,281,000 after purchasing an additional 6,232 shares during the last quarter. Thompson Davis & CO. Inc. grew its stake in shares of 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 in the last quarter. Finally, LPL Financial LLC purchased a new position in Shimmick in the fourth quarter valued at $284,000. Hedge funds and other institutional investors own 6.94% of the company's stock. Shimmick Stock PerformanceShares of Shimmick stock opened at $2.39 on Monday. The business has a 50-day simple moving average of $1.88 and a 200-day simple moving average of $1.81. Shimmick has a one year low of $1.30 and a one year high of $3.78. The company has a market cap of $84.30 million, a PE ratio of -1.40 and a beta of 0.82. 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.Featured StoriesFive stocks we like better than ShimmickWhat is a Death Cross in Stocks?Silver Prices Up, But Endeavour’s Profit Still ElusiveHow to Start Investing in Real EstateCocoa Futures Send Hershey Stock Lower, Dip Opportunity?Dividend Payout Ratio CalculatorSmart Money Piles Into GRID ETF on Trillion-Dollar Power UpgradeThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Shimmick Right Now?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