Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Short Interest Up 43.2% in April

Gulf Island Fabrication, Inc. (NASDAQ:GIFI - Get Free Report) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 78,500 shares, a growth of 43.2% from the March 31st total of 54,800 shares. Based on an average daily trading volume, of 46,400 shares, the short-interest ratio is presently 1.7 days. Approximately 0.5% of the company's stock are sold short.

Gulf Island Fabrication Trading Down 5.2 %

Shares of GIFI traded down $0.37 on Monday, hitting $6.78. 35,315 shares of the stock traded hands, compared to its average volume of 47,212. The stock's 50 day moving average is $6.47 and its two-hundred day moving average is $6.66. 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 1 year low of $5.12 and a 1 year high of $7.59. The firm has a market capitalization of $110.41 million, a P/E ratio of 6.46 and a beta of 0.26.

Institutional Investors Weigh In On Gulf Island Fabrication

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GIFI. Jane Street Group LLC acquired a new stake in Gulf Island Fabrication in the 4th quarter valued at approximately $83,000. Perritt Capital Management Inc lifted 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 valued at $170,000 after buying an additional 5,000 shares during the last quarter. Empowered Funds LLC bought a new position in Gulf Island Fabrication during the fourth quarter valued at about $180,000. Marshall Wace LLP bought a new stake in Gulf Island Fabrication during the fourth quarter worth approximately $219,000. Finally, Ritholtz Wealth Management lifted its position in Gulf Island Fabrication by 118.1% during the 1st quarter. Ritholtz Wealth Management now owns 38,139 shares of the oil and gas company's stock worth $246,000 after acquiring an additional 20,650 shares during the last quarter. Hedge funds and other institutional investors own 46.40% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Gulf Island Fabrication from a "buy" rating to a "hold" rating in a research report 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.