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

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

Gulf Island Fabrication Trading Down 2.2 %

GIFI stock traded down $0.14 during trading on Monday, hitting $6.12. The company had a trading volume of 133,005 shares, compared to its average volume of 59,139. The business has a 50-day moving average of $6.83 and a 200-day moving average of $6.41. Gulf Island Fabrication has a one year low of $5.12 and a one year high of $7.93. The stock has a market cap of $100.04 million, a PE ratio of 5.83 and a beta of 0.51. 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 Trading of Gulf Island Fabrication

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Gulf Island Fabrication by 3.4% during the 4th 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. De Lisle Partners LLP lifted its position in shares of Gulf Island Fabrication by 14.2% during the 3rd quarter. De Lisle Partners LLP now owns 241,270 shares of the oil and gas company’s stock valued at $1,344,000 after acquiring an additional 30,000 shares during the period. Factorial Partners LLC boosted its stake 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 acquiring an additional 2,000 shares in the last quarter. Peapod Lane Capital LLC acquired a new stake in Gulf Island Fabrication in the fourth quarter worth $1,001,000. Finally, Bridgeway Capital Management LLC increased its stake in Gulf Island Fabrication by 29.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 112,438 shares of the oil and gas company’s stock valued at $766,000 after purchasing an additional 25,290 shares in the last quarter. 46.40% of the stock is currently owned by institutional investors.

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.