Short Interest in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Decreases By 25.5%

Gulf Island Fabrication, Inc. (NASDAQ:GIFI - Get Free Report) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 54,800 shares, a decline of 25.5% from the March 15th total of 73,600 shares. Based on an average daily trading volume, of 51,600 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.4% of the company's shares are short sold.

Institutional Trading of Gulf Island Fabrication

A number of hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC acquired a new stake in shares of Gulf Island Fabrication in the fourth quarter worth approximately $180,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Gulf Island Fabrication by 14.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 47,594 shares of the oil and gas company's stock worth $324,000 after purchasing an additional 6,187 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in shares of Gulf Island Fabrication by 5.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 39,900 shares of the oil and gas company's stock valued at $272,000 after purchasing an additional 2,000 shares during the last quarter. Aristides Capital LLC grew its stake in shares of Gulf Island Fabrication by 4.7% during the 4th quarter. Aristides Capital LLC now owns 71,223 shares of the oil and gas company's stock valued at $485,000 after buying an additional 3,201 shares during the period. Finally, Perritt Capital Management Inc increased its holdings in shares of Gulf Island Fabrication by 25.0% during the 4th quarter. Perritt Capital Management Inc now owns 25,000 shares of the oil and gas company's stock worth $170,000 after buying an additional 5,000 shares during the last quarter. 46.40% of the stock is owned by institutional investors and hedge funds.

Gulf Island Fabrication Trading Up 1.0 %

Shares of GIFI stock traded up $0.07 during mid-day trading on Wednesday, hitting $6.94. 31,840 shares of the company's stock were exchanged, compared to its average volume of 50,378. The stock has a market cap of $113.01 million, a price-to-earnings ratio of 6.61 and a beta of 0.24. The company has a quick ratio of 4.50, a current ratio of 4.61 and a debt-to-equity ratio of 0.21. Gulf Island Fabrication has a fifty-two week low of $5.12 and a fifty-two week high of $7.59. The stock has a 50-day simple moving average of $6.42 and a two-hundred day simple moving average of $6.57.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Gulf Island Fabrication from a "buy" rating to a "hold" rating in a research note on Friday, April 4th.

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.