Short Interest in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Expands By 9.0%

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 82,200 shares, an increase of 9.0% from the June 30th total of 75,400 shares. Based on an average daily volume of 58,300 shares, the short-interest ratio is currently 1.4 days. Approximately 0.6% of the company’s shares are short sold.

Gulf Island Fabrication Stock Performance

GIFI stock remained flat at $6.28 on Tuesday. The company had a trading volume of 12,143 shares, compared to its average volume of 67,884. The company has a 50-day moving average price of $6.46 and a two-hundred day moving average price of $6.12. Gulf Island Fabrication has a 12 month low of $3.13 and a 12 month high of $7.93. The company has a quick ratio of 4.28, a current ratio of 4.37 and a debt-to-equity ratio of 0.22.

Gulf Island Fabrication (NASDAQ:GIFI) last posted its earnings results on Tuesday, May 7th. The oil and gas company reported $0.37 EPS for the quarter. Gulf Island Fabrication had a negative net margin of 14.27% and a negative return on equity of 22.11%. The firm had revenue of $42.88 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Gulf Island Fabrication from a “buy” rating to a “hold” rating in a report on Thursday, May 9th.

Institutional Trading of Gulf Island Fabrication

Large investors have recently bought and sold shares of the company. Robotti Robert bought a new stake in shares of Gulf Island Fabrication during the first quarter valued at approximately $74,000. Hillsdale Investment Management Inc. bought a new position in shares of Gulf Island Fabrication in the 1st quarter worth about $198,000. Abel Hall LLC bought a new stake in Gulf Island Fabrication during the fourth quarter worth about $449,000. Glenorchy Capital Ltd purchased a new position in shares of Gulf Island Fabrication during the fourth quarter valued at approximately $840,000. Finally, Vanguard Group Inc. boosted its position in shares of Gulf Island Fabrication by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 603,774 shares of the oil and gas company’s stock worth $4,438,000 after purchasing an additional 24,699 shares in the last quarter. 46.40% of the stock is owned by institutional investors.

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.