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

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) saw a large 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 trading volume, of 47,500 shares, the short-interest ratio is presently 1.2 days. Approximately 0.4% of the company’s shares are short sold.

Gulf Island Fabrication Trading Up 1.6 %

GIFI stock opened at $6.26 on Friday. The company has a market capitalization of $102.33 million, a PE ratio of 5.96 and a beta of 0.51. Gulf Island Fabrication has a 12 month low of $5.12 and a 12 month high of $7.93. The firm’s 50-day moving average is $6.83 and its 200 day moving average is $6.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.61 and a quick ratio of 4.50.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in Gulf Island Fabrication during the 4th quarter worth about $83,000. Perritt Capital Management Inc boosted its holdings 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 buying an additional 5,000 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Gulf Island Fabrication in the 4th quarter valued at approximately $180,000. Marshall Wace LLP purchased a new position in shares of Gulf Island Fabrication in the 4th quarter valued at approximately $219,000. Finally, 4WEALTH Advisors Inc. purchased a new position in Gulf Island Fabrication during the 4th quarter worth approximately $261,000. Hedge funds and other institutional investors own 46.40% of the company’s stock.

About Gulf Island Fabrication

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.