Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Short Interest Up 19.1% in January

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

Gulf Island Fabrication Price Performance

Shares of NASDAQ GIFI traded down $0.12 during mid-day trading on Wednesday, reaching $6.79. The company had a trading volume of 51,858 shares, compared to its average volume of 48,964. The business's 50-day simple moving average is $7.03 and its 200 day simple moving average is $6.32. Gulf Island Fabrication has a one year low of $4.18 and a one year high of $7.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.50 and a current ratio of 4.61. The firm has a market cap of $111.02 million, a price-to-earnings ratio of 6.47 and a beta of 0.55.

Hedge Funds Weigh In On Gulf Island Fabrication

Several large investors have recently bought and sold shares of GIFI. Bridgeway Capital Management LLC boosted its stake in shares of Gulf Island Fabrication by 29.0% in the 4th 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 during the last quarter. 4WEALTH Advisors Inc. purchased a new position in shares of Gulf Island Fabrication during the fourth quarter valued at approximately $261,000. Jane Street Group LLC purchased a new stake in shares of Gulf Island Fabrication in the fourth quarter valued at about $83,000. Dimensional Fund Advisors LP boosted its stake in shares of Gulf Island Fabrication by 3.4% in 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 during the last quarter. Finally, Marshall Wace LLP bought a new stake in Gulf Island Fabrication during the fourth quarter worth $219,000. 46.40% of the stock is currently owned by institutional investors.

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.