Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Short Interest Down 31.8% in February

Gulf Island Fabrication, Inc. (NASDAQ:GIFI - Get Free Report) saw 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 daily volume of 47,500 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Trading of Gulf Island Fabrication

A number of hedge funds have recently added to or reduced their stakes in GIFI. Factorial Partners LLC grew its position in shares of Gulf Island Fabrication by 10.3% during the 3rd quarter. Factorial Partners LLC now owns 219,673 shares of the oil and gas company's stock valued at $1,239,000 after acquiring an additional 20,437 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Gulf Island Fabrication by 9.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,407 shares of the oil and gas company's stock valued at $234,000 after purchasing an additional 3,683 shares during the period. De Lisle Partners LLP increased its position in shares of Gulf Island Fabrication by 14.2% in the third quarter. De Lisle Partners LLP now owns 241,270 shares of the oil and gas company's stock valued at $1,344,000 after buying an additional 30,000 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Gulf Island Fabrication during the 3rd quarter worth approximately $260,000. Finally, Empowered Funds LLC purchased a new position in shares of Gulf Island Fabrication during the 4th quarter valued at approximately $180,000. 46.40% of the stock is owned by hedge funds and other institutional investors.

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Gulf Island Fabrication Stock Performance

Shares of NASDAQ GIFI traded up $0.20 during trading on Wednesday, reaching $6.73. 22,334 shares of the company traded hands, compared to its average volume of 58,390. The stock has a market cap of $109.93 million, a P/E ratio of 6.41 and a beta of 0.51. The firm's fifty day simple moving average is $6.79 and its 200 day simple moving average is $6.42. The company has a current ratio of 4.61, a quick ratio of 4.50 and a debt-to-equity ratio of 0.21. Gulf Island Fabrication has a 12-month low of $5.12 and a 12-month high of $7.93.

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.