Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Short Interest Down 31.8% in February

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 57,600 shares, a decline of 31.8% from the February 13th total of 84,400 shares. Based on an average trading volume of 47,500 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GIFI. Factorial Partners LLC grew its holdings in shares of Gulf Island Fabrication by 0.9% during the fourth quarter. Factorial Partners LLC now owns 221,673 shares of the oil and gas company’s stock worth $1,510,000 after purchasing an additional 2,000 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of Gulf Island Fabrication by 5.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 39,900 shares of the oil and gas company’s stock worth $272,000 after purchasing an additional 2,000 shares during the last quarter. Aristides Capital LLC grew its holdings in shares of Gulf Island Fabrication by 4.7% during the fourth quarter. Aristides Capital LLC now owns 71,223 shares of the oil and gas company’s stock worth $485,000 after purchasing an additional 3,201 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of 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 worth $234,000 after purchasing an additional 3,683 shares during the last quarter. Finally, Perritt Capital Management Inc grew its holdings in shares of Gulf Island Fabrication by 25.0% during 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 during the last quarter. Institutional investors and hedge funds own 46.40% of the company’s stock.

Gulf Island Fabrication Price Performance

NASDAQ GIFI traded down $0.14 during trading on Monday, hitting $6.12. 133,005 shares of the company’s stock were exchanged, compared to its average volume of 59,139. The company has a current ratio of 4.61, a quick ratio of 4.50 and a debt-to-equity ratio of 0.21. The company has a market cap of $100.04 million, a PE ratio of 5.83 and a beta of 0.51. Gulf Island Fabrication has a fifty-two week low of $5.12 and a fifty-two week high of $7.93. The stock’s 50 day moving average price is $6.83 and its two-hundred day moving average price is $6.41.

About Gulf Island Fabrication

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.