Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Short Interest Up 19.2% in December

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 89,444 shares, a growth of 19.2% from the December 15th total of 75,013 shares. Based on an average daily volume of 82,160 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.7% of the shares of the stock are short sold. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 82,160 shares, the days-to-cover ratio is currently 1.1 days.

Gulf Island Fabrication Stock Performance

NASDAQ:GIFI remained flat at $12.00 during trading hours on Monday. 94,280 shares of the company’s stock traded hands, compared to its average volume of 268,206. The business’s fifty day simple moving average is $11.89 and its 200 day simple moving average is $8.86. The firm has a market capitalization of $191.99 million, a price-to-earnings ratio of 21.82 and a beta of 0.41. Gulf Island Fabrication has a 52 week low of $5.75 and a 52 week high of $12.00. The company has a current ratio of 3.54, a quick ratio of 3.46 and a debt-to-equity ratio of 0.19.

Gulf Island Fabrication (NASDAQ:GIFI) last posted its quarterly earnings results on Wednesday, November 12th. The oil and gas company reported $0.10 earnings per share for the quarter. The firm had revenue of $51.54 million for the quarter, compared to analyst estimates of $34.00 million. Gulf Island Fabrication had a return on equity of 11.60% and a net margin of 5.46%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Gulf Island Fabrication in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Institutional Trading of Gulf Island Fabrication

Institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new position in Gulf Island Fabrication in the 2nd quarter valued at approximately $72,000. Goldman Sachs Group Inc. grew its holdings in shares of Gulf Island Fabrication by 13.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,844 shares of the oil and gas company’s stock valued at $96,000 after acquiring an additional 1,766 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Gulf Island Fabrication by 6.2% during the first quarter. Empowered Funds LLC now owns 28,144 shares of the oil and gas company’s stock worth $182,000 after acquiring an additional 1,654 shares in the last quarter. GSA Capital Partners LLP boosted its position in Gulf Island Fabrication by 50.2% during the third quarter. GSA Capital Partners LLP now owns 30,776 shares of the oil and gas company’s stock valued at $216,000 after purchasing an additional 10,290 shares during the last quarter. Finally, Bailard Inc. purchased a new position in Gulf Island Fabrication in the second quarter valued at about $237,000. 46.40% of the stock is currently owned by institutional investors and hedge funds.

Gulf Island Fabrication Company Profile

Gulf Island Fabrication, Inc is a Houston-based engineering and construction company specializing in the design, fabrication and assembly of large-scale structures for the offshore energy industry. The company’s core expertise lies in delivering steel foundations and topside modules for offshore oil and gas platforms, floating production systems and support vessels. By integrating engineering, procurement and construction services, Gulf Island Fabrication offers end-to-end solutions that address the demanding technical and regulatory requirements of deepwater and shallow-water developments.

The company’s product portfolio encompasses jackets, piles, topside decks, hulls, living quarters and utility modules, as well as the assembly of hook-up and commissioning services.