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

Gulf Island Fabrication, Inc. (NASDAQ:GIFI - Get Free Report) saw a significant growth in short interest during 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 trading volume of 46,400 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.5% of the company's shares are short sold.

Gulf Island Fabrication Trading Down 3.0 %

NASDAQ GIFI traded down $0.22 during mid-day trading on Friday, reaching $7.15. 67,479 shares of the stock were exchanged, compared to its average volume of 47,260. The stock has a market cap of $116.43 million, a P/E ratio of 6.81 and a beta of 0.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.61 and a quick ratio of 4.50. Gulf Island Fabrication has a one year low of $5.12 and a one year high of $7.59. The stock has a 50 day simple moving average of $6.47 and a 200-day simple moving average of $6.65.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Gulf Island Fabrication from a "buy" rating to a "hold" rating in a report on Friday, April 4th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Peapod Lane Capital LLC bought a new stake in Gulf Island Fabrication during the 4th quarter valued at $1,001,000. 4WEALTH Advisors Inc. purchased a new stake in shares of Gulf Island Fabrication in the fourth quarter worth approximately $261,000. Marshall Wace LLP purchased a new position in shares of Gulf Island Fabrication during the fourth quarter valued at approximately $219,000. Empowered Funds LLC purchased a new position in shares of Gulf Island Fabrication during the fourth quarter valued at approximately $180,000. Finally, Bridgeway Capital Management LLC raised its position in Gulf Island Fabrication by 29.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 112,438 shares of the oil and gas company's stock valued at $766,000 after buying an additional 25,290 shares during the last quarter. 46.40% of the stock is 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.