Shimmick Corporation (NASDAQ:SHIM) Sees Significant Decrease in Short Interest

Shimmick Corporation (NASDAQ:SHIM) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 7,021 shares, a decline of 25.0% from the February 12th total of 9,359 shares. Based on an average trading volume of 29,472 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 29,472 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Craig Hallum upgraded shares of Shimmick from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Monday, January 5th. Roth Mkm upgraded shares of Shimmick from a “neutral” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Friday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Shimmick in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $5.50.

Shimmick Trading Up 14.6%

Shares of NASDAQ SHIM traded up $0.41 during mid-day trading on Friday, reaching $3.21. The company had a trading volume of 300,105 shares, compared to its average volume of 34,766. The company has a 50-day moving average price of $3.67 and a two-hundred day moving average price of $3.01. The stock has a market cap of $114.95 million, a PE ratio of -4.40 and a beta of 0.57. Shimmick has a 1-year low of $1.30 and a 1-year high of $4.47.

Shimmick (NASDAQ:SHIM) last released its quarterly earnings results on Thursday, March 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The company had revenue of $100.41 million during the quarter, compared to analyst estimates of $110.90 million. On average, research analysts expect that Shimmick will post -2.48 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Avanza Fonder AB raised its holdings in shares of Shimmick by 19.4% during the fourth quarter. Avanza Fonder AB now owns 23,878 shares of the company’s stock valued at $70,000 after acquiring an additional 3,878 shares during the period. Thompson Davis & CO. Inc. boosted its stake in Shimmick by 22.2% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 55,000 shares of the company’s stock worth $94,000 after purchasing an additional 10,000 shares during the period. Finally, Sanders Morris Harris LLC grew its position in Shimmick by 8.1% during the 3rd quarter. Sanders Morris Harris LLC now owns 809,667 shares of the company’s stock worth $2,113,000 after purchasing an additional 60,494 shares in the last quarter. 6.94% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Shimmick

Here are the key news stories impacting Shimmick this week:

• Positive Sentiment: Roth MKM upgraded SHIM from “neutral” to “buy” with a $5.00 price target (implies ~52% upside from recent levels), signaling institutional support that likely pushed buyer interest. Finviz – Roth MKM upgrade
• Positive Sentiment: Company raised FY2026 revenue guidance to $550M–$600M, above consensus (~$526.9M), giving investors a clearer path to top-line improvement and supporting higher valuation expectations. MarketBeat – Guidance
• Positive Sentiment: Management outlined stabilized backlog and targets for 12%–22% revenue growth and $15M–$30M of EBITDA in 2026, which materially improves the company’s medium-term profitability outlook. Seeking Alpha – Growth & EBITDA targets
• Neutral Sentiment: Earnings call and slide materials emphasized “strong project revenue growth” and provided detail on backlog composition — useful for modeling but not an immediate cash catalyst. Yahoo – Call highlights
• Neutral Sentiment: Full transcripts and the company press release/slide deck are available for deeper review; they clarify assumptions behind guidance but require modeling to quantify impact. Seeking Alpha – Transcript Slide Deck
• Negative Sentiment: Q4 reported EPS of ($0.07) and revenue of $100.41M missed consensus (EPS -$0.05; revenue ~$110.9M), a near-term earnings disappointment that explains some selling pressure before the recovery. GlobeNewswire – Q4 results

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. It serves federal, state, and local governments. The company was formerly known as SCCI National Holdings, Inc and changed its name to Shimmick Corporation in September 2023.