Gulf Island Fabrication Inc (NASDAQ:GIFI)’s Trend Up, Especially After Decreased Shorts

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Logo

Investors sentiment increased to 2.28 in 2019 Q1. Its up 1.01, from 1.27 in 2018Q4. It increased, as 1 investors sold Gulf Island Fabrication, Inc. shares while 17 reduced holdings. 14 funds opened positions while 27 raised stakes. 8.79 million shares or 4.07% more from 8.45 million shares in 2018Q4 were reported.
Tci Wealth Advsrs holds 396 shares. Prescott Mgmt Limited Liability Co holds 226,432 shares. Arizona State Retirement System stated it has 21,385 shares or 0% of all its holdings. Ameriprise holds 79,132 shares. Morgan Dempsey Mngmt holds 41,297 shares. Kokino Limited accumulated 1.50M shares. Parametric Portfolio Lc reported 0% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Teachers Retirement Of The State Of Kentucky has 8,600 shares for 0% of their portfolio. Millennium Mngmt Llc, New York-based fund reported 108,204 shares. Goldman Sachs Grp owns 77,279 shares. Ls Invest Advisors Ltd Liability Company holds 434 shares or 0% of its portfolio. Federated Investors Pa holds 0% or 119,314 shares. Blackrock Inc holds 0% or 1.41 million shares in its portfolio. Pnc Serv Incorporated has invested 0% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). 66,652 are owned by Barclays Public Ltd Co.

The stock of Gulf Island Fabrication Inc (NASDAQ:GIFI) registered a decrease of 8.28% in short interest. GIFI’s total short interest was 231,500 shares in August as published by FINRA. Its down 8.28% from 252,400 shares, reported previously. With 32,300 shares average volume, it will take short sellers 7 days to cover their GIFI’s short positions. The short interest to Gulf Island Fabrication Inc’s float is 2.08%.

The stock decreased 2.26% or $0.15 during the last trading session, reaching $6.5. About 29,070 shares traded or 7.56% up from the average. Gulf Island Fabrication, Inc. (NASDAQ:GIFI) has declined 22.17% since August 15, 2018 and is downtrending. It has underperformed by 22.17% the S&P500.

Gulf Island Fabrication, Inc., through its subsidiaries, operates as a fabricator of offshore drilling and production platforms, and other steel structures for clients in the gas and oil, and marine industries in the United States. The company has market cap of $99.04 million. The firm fabricates jackets and deck sections of fixed production platforms; hull, tendon, and/or deck sections of floating production platforms, such as tension leg platforms, single point anchor reservoirs, floating production storage and offloading vessels, and minimum deepwater operating concepts; piles, wellhead protectors, and subsea templates, as well as various production, compressor, and utility modules; produces and repairs pressure vessels used in the gas and oil industry; fabricates various other types of steel structures; and provides onshore and offshore scaffolding and piping insulation services. It currently has negative earnings. It also fabricates and repairs offshore supply vessels, anchor handling vessels, lift boats, tugboats, towboats, barges, and other marine vessels; constructs dry docks to lift marine vessels; and offers steel repair, blasting and painting, electrical systems repair, and machinery and piping system repairs, as well as propeller, shaft, and rudder reconditioning.

More notable recent Gulf Island Fabrication, Inc. (NASDAQ:GIFI) news were published by: Globenewswire.com which released: “Gulf Island Fabrication, Inc. Announces Project Awards – GlobeNewswire” on March 19, 2018, also Businesswire.com with their article: “Gulf Island Fabrication, Inc. Announces Agreement to Acquire LEEVAC Shipyards’ Assets – Business Wire” published on December 23, 2015, Reuters.com published: “Crocs cannot protect clog design in EU: court – Reuters” on March 14, 2018. More interesting news about Gulf Island Fabrication, Inc. (NASDAQ:GIFI) were released by: Finance.Yahoo.com and their article: “Is Gulf Island Fabrication, Inc. (GIFI) A Good Stock To Buy? – Yahoo Finance” published on June 28, 2019 as well as Stockhouse.com‘s news article titled: “Gulf Island Announces Date for Second Quarter 2019 Results and Conference Call – Stockhouse” with publication date: July 22, 2019.

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Institutional Positions Chart

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