Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Short Interest Update

Gulf Island Fabrication, Inc. (NASDAQ:GIFI - Get Free Report) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 84,400 shares, a decrease of 13.8% from the January 31st total of 97,900 shares. Approximately 0.6% of the company's stock are sold short. Based on an average daily trading volume, of 45,600 shares, the short-interest ratio is currently 1.9 days.

Analyst Upgrades and Downgrades

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

Gulf Island Fabrication Stock Performance

NASDAQ GIFI traded up $0.04 during trading hours on Friday, reaching $6.25. 65,818 shares of the company were exchanged, compared to its average volume of 61,825. Gulf Island Fabrication has a 1 year low of $5.12 and a 1 year high of $7.93. The business's 50 day simple moving average is $6.92 and its 200-day simple moving average is $6.38. The company has a quick ratio of 4.50, a current ratio of 4.61 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $102.21 million, a P/E ratio of 5.95 and a beta of 0.51.

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Institutional Trading of Gulf Island Fabrication

A number of large investors have recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC increased its holdings in Gulf Island Fabrication by 29.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 112,438 shares of the oil and gas company's stock worth $766,000 after buying an additional 25,290 shares during the last quarter. 4WEALTH Advisors Inc. purchased a new stake in Gulf Island Fabrication during the fourth quarter worth about $261,000. Jane Street Group LLC purchased a new stake in Gulf Island Fabrication during the fourth quarter worth about $83,000. Dimensional Fund Advisors LP increased 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 during the last quarter. Finally, Marshall Wace LLP purchased a new stake in Gulf Island Fabrication during the fourth quarter worth about $219,000. 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.