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

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

Gulf Island Fabrication Price Performance

Shares of NASDAQ:GIFI opened at $6.12 on Tuesday. The company has a 50-day moving average price of $6.81 and a 200 day moving average price of $6.42. Gulf Island Fabrication has a 52 week low of $5.12 and a 52 week high of $7.93. 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 company has a market cap of $100.04 million, a P/E ratio of 5.83 and a beta of 0.51.

Institutional Investors Weigh In On Gulf Island Fabrication

A number of hedge funds and other institutional investors have recently modified their holdings of GIFI. Peapod Lane Capital LLC acquired a new stake in shares of Gulf Island Fabrication during the 4th quarter valued at approximately $1,001,000. EP Wealth Advisors LLC acquired a new stake in shares of Gulf Island Fabrication during the 3rd quarter valued at approximately $260,000. 4WEALTH Advisors Inc. acquired a new stake in shares of Gulf Island Fabrication during the 4th quarter valued at approximately $261,000. Marshall Wace LLP acquired a new stake in shares of Gulf Island Fabrication during the 4th quarter valued at approximately $219,000. Finally, 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. 46.40% of the stock is currently owned by institutional investors and hedge funds.

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.