Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Short Interest Update

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

Analysts Set New Price Targets

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

Gulf Island Fabrication Trading Up 0.4 %

Shares of NASDAQ:GIFI traded up $0.03 during trading on Thursday, reaching $6.97. 16,908 shares of the company were exchanged, compared to its average volume of 48,163. Gulf Island Fabrication has a 12-month low of $5.12 and a 12-month high of $7.59. The firm has a market capitalization of $113.50 million, a PE ratio of 6.64 and a beta of 0.24. The business's fifty day simple moving average is $6.42 and its 200-day simple moving average is $6.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.61 and a quick ratio of 4.50.

Hedge Funds Weigh In On Gulf Island Fabrication

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in Gulf Island Fabrication during the 4th quarter valued at about $83,000. Perritt Capital Management Inc increased its position in shares of Gulf Island Fabrication by 25.0% in 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 acquiring an additional 5,000 shares during the period. Empowered Funds LLC acquired a new stake in Gulf Island Fabrication during the 4th quarter worth about $180,000. Marshall Wace LLP acquired a new position in shares of Gulf Island Fabrication in the fourth quarter valued at about $219,000. Finally, Ritholtz Wealth Management raised its stake in shares of Gulf Island Fabrication by 118.1% in the first quarter. Ritholtz Wealth Management now owns 38,139 shares of the oil and gas company's stock worth $246,000 after purchasing an additional 20,650 shares during the last quarter. Hedge funds and other institutional investors own 46.40% of the company's stock.

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.