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

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) saw a large increase in short interest in the month of 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. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 51,900 shares, the days-to-cover ratio is presently 1.9 days.

Analyst Ratings Changes

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

Gulf Island Fabrication Trading Up 0.3 %

Shares of NASDAQ:GIFI opened at $6.88 on Monday. The company has a market cap of $112.51 million, a PE ratio of 6.55 and a beta of 0.55. Gulf Island Fabrication has a 12-month low of $4.18 and a 12-month high of $7.93. The stock has a 50 day moving average of $7.03 and a 200 day moving average of $6.31. The company has a current ratio of 4.61, a quick ratio of 4.50 and a debt-to-equity ratio of 0.21.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GIFI. Peapod Lane Capital LLC purchased a new stake in Gulf Island Fabrication in the 4th quarter worth $1,001,000. Glenorchy Capital Ltd boosted its stake in shares of Gulf Island Fabrication by 24.5% in the third quarter. Glenorchy Capital Ltd now owns 298,005 shares of the oil and gas company’s stock worth $1,681,000 after acquiring an additional 58,622 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Gulf Island Fabrication during the third quarter worth about $260,000. Marshall Wace LLP bought a new stake in Gulf Island Fabrication during the 4th quarter valued at approximately $219,000. Finally, De Lisle Partners LLP lifted its holdings in Gulf Island Fabrication by 14.2% in the 3rd quarter. De Lisle Partners LLP now owns 241,270 shares of the oil and gas company’s stock worth $1,344,000 after purchasing an additional 30,000 shares in the last quarter. Hedge funds and other institutional investors own 46.40% of the company’s stock.

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.