Shrimp is a very popular seafood, but nutritionally speaking, shrimp are a mixed bag. They are low in calories and provide some valuable nutrients and a couple of antioxidants. They are low in saturated fats and have no trans fats, but they are an allergen and could cause a severe reaction for those with shellfish allergies. They are also high in cholesterol but as long as you're not allergic to shellfish, moderate consumption of shrimp can be enjoyed will no ill effects.