Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Sees Large Decline in Short Interest

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 84,400 shares, a decline of 13.8% from the January 31st total of 97,900 shares. Based on an average daily trading volume, of 45,600 shares, the short-interest ratio is presently 1.9 days. Approximately 0.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GIFI. Jane Street Group LLC acquired a new stake in Gulf Island Fabrication during the 4th quarter worth about $83,000. Perritt Capital Management Inc lifted its position in shares of Gulf Island Fabrication by 25.0% in the fourth quarter. Perritt Capital Management Inc now owns 25,000 shares of the oil and gas company’s stock worth $170,000 after purchasing an additional 5,000 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Gulf Island Fabrication during the fourth quarter worth approximately $180,000. Marshall Wace LLP acquired a new stake in shares of Gulf Island Fabrication during the fourth quarter worth approximately $219,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Gulf Island Fabrication by 9.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,407 shares of the oil and gas company’s stock valued at $234,000 after purchasing an additional 3,683 shares in the last quarter. Hedge funds and other institutional investors own 46.40% of the company’s stock.

Gulf Island Fabrication Trading Up 0.3 %

NASDAQ GIFI opened at $6.50 on Wednesday. The firm’s 50 day moving average price is $6.96 and its two-hundred day moving average price is $6.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.50 and a current ratio of 4.61. Gulf Island Fabrication has a twelve month low of $5.01 and a twelve month high of $7.93. The stock has a market cap of $106.29 million, a price-to-earnings ratio of 6.19 and a beta of 0.55.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Gulf Island Fabrication from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

Gulf Island Fabrication Company Profile

Gulf Island Fabrication, Inc, together with its subsidiaries, operates as a fabricator of steel structures and modules in the United States. It operates through Services, Fabrication, and Shipyard divisions. The company provides maintenance, repair, construction, scaffolding, coatings, welding enclosures, and other specialty services on offshore platforms, inland structures, and industrial facilities; services required to connect production equipment and service modules, and equipment on offshore platforms; project management and commissioning services; hookup services; and civil construction and staffing services to the industrial and energy sectors, as well as undertakes municipal and drainage projects, including pump stations, levee reinforcement, bulkheads, and other public works.