Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Sees Significant Growth in Short Interest

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 97,900 shares, an increase of 19.1% from the January 15th total of 82,200 shares. Based on an average daily volume of 51,900 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.7% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Gulf Island Fabrication

Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in Gulf Island Fabrication by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 554,697 shares of the oil and gas company’s stock worth $3,777,000 after buying an additional 18,336 shares in the last quarter. Glenorchy Capital Ltd boosted its holdings in Gulf Island Fabrication by 24.5% during the third quarter. Glenorchy Capital Ltd now owns 298,005 shares of the oil and gas company’s stock worth $1,681,000 after buying an additional 58,622 shares in the last quarter. De Lisle Partners LLP boosted its holdings in Gulf Island Fabrication by 14.2% during the third quarter. De Lisle Partners LLP now owns 241,270 shares of the oil and gas company’s stock worth $1,344,000 after buying an additional 30,000 shares in the last quarter. Factorial Partners LLC boosted its holdings in 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 buying an additional 2,000 shares in the last quarter. Finally, Peapod Lane Capital LLC purchased a new stake in Gulf Island Fabrication during the fourth quarter worth $1,001,000. Hedge funds and other institutional investors own 46.40% of the company’s stock.

Gulf Island Fabrication Stock Up 0.3 %

Shares of NASDAQ:GIFI traded up $0.02 during trading hours on Friday, hitting $6.88. The company’s stock had a trading volume of 41,371 shares, compared to its average volume of 48,086. Gulf Island Fabrication has a 52 week low of $4.18 and a 52 week high of $7.93. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.61 and a quick ratio of 4.50. The company has a market capitalization of $112.49 million, a price-to-earnings ratio of 6.55 and a beta of 0.55. The firm’s fifty day moving average price is $7.03 and its 200 day moving average price is $6.31.

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.