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

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Gulf Island Fabrication, Inc. (NASDAQ:GIFI) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 88,300 shares, a decline of 18.6% from the March 31st total of 108,500 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Large investors have recently made changes to their positions in the stock. Marshall Wace LLP acquired a new position in Gulf Island Fabrication in the first quarter valued at approximately $62,000. Crescent Capital Consulting LLC bought a new stake in Gulf Island Fabrication in the fourth quarter valued at $43,000. Marquette Asset Management LLC acquired a new position in shares of Gulf Island Fabrication during the fourth quarter valued at $142,000. BlackRock Inc. grew its position in shares of Gulf Island Fabrication by 1.2% during the fourth quarter. BlackRock Inc. now owns 308,931 shares of the oil and gas company’s stock worth $946,000 after acquiring an additional 3,534 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Gulf Island Fabrication by 22.4% in the 4th quarter. Renaissance Technologies LLC now owns 781,781 shares of the oil and gas company’s stock worth $2,392,000 after acquiring an additional 142,945 shares during the period. 46.24% of the stock is owned by institutional investors and hedge funds.

Shares of Gulf Island Fabrication stock traded down $0.04 during trading on Tuesday, reaching $4.17. The company had a trading volume of 6,934 shares, compared to its average volume of 50,438. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.54. Gulf Island Fabrication has a fifty-two week low of $2.67 and a fifty-two week high of $4.70. The firm’s fifty day moving average is $4.03 and its 200-day moving average is $3.61. The company has a market cap of $64.71 million, a price-to-earnings ratio of -1.37 and a beta of 0.92.

Gulf Island Fabrication (NASDAQ:GIFI) last issued its quarterly earnings results on Sunday, March 28th. The oil and gas company reported ($1.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.79). Gulf Island Fabrication had a negative net margin of 16.97% and a negative return on equity of 21.55%.

About Gulf Island Fabrication

Gulf Island Fabrication, Inc, together with its subsidiaries, operates as a fabricator of steel structures, modules, and marine vessels in the United States. It operates through two segments, Shipyard, and Fabrication & Services. The Shipyard segment fabricates new-build marine vessels, such as offshore support and multi-purpose service vessels, research and salvage vessels, tugboats, towboats, barges, drydocks, anchor handling vessels, and lift boats.

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