Time to Reconsider Gulf Island Fabrication Inc (NASDAQ:GIFI) After Less Short Sellers?

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 is positive, 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.
Oregon Pub Employees Retirement Fund has invested 0% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Fmr Lc owns 71,600 shares or 0% of their US portfolio. 144,829 are owned by Rbf Cap Ltd Company. Pnc Ser Group Inc accumulated 738 shares. New Jersey-based Pathstone Family Office Lc has invested 0% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Bank & Trust Of Montreal Can holds 1,087 shares or 0% of its portfolio. Jacobs Levy Equity Mngmt accumulated 36,213 shares. Prudential holds 0% or 21,001 shares in its portfolio. Moreover, State Street Corporation has 0% invested in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Us Bankshares De accumulated 0% or 23,853 shares. Prescott Grp Cap Mgmt Limited Liability Company holds 226,432 shares or 0.43% of its portfolio. Federated Investors Pa holds 119,314 shares. Franklin Resources has 227,000 shares. Parametric Assocs Lc reported 75,389 shares. Ancora Advsrs Llc reported 0.07% stake.

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: Reuters.com which released: “Crocs cannot protect clog design in EU: court – Reuters” on March 14, 2018, also Investorplace.com with their article: “3 Stocks to Buy for Red-Hot Momentum AND Value – Investorplace.com” published on October 23, 2015, Seekingalpha.com published: “Flush With Cash And Growing Backlog, Gulf Island Fabrication Positioned For Success – Seeking Alpha” on June 21, 2017. More interesting news about Gulf Island Fabrication, Inc. (NASDAQ:GIFI) were released by: Globenewswire.com and their article: “Gulf Island Awarded Third OSU Research Vessel – GlobeNewswire” published on April 16, 2019 as well as Seekingalpha.com‘s news article titled: “Hornbeck Offshore confirms lawsuit from Gulf Island – Seeking Alpha” with publication date: October 04, 2018.

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

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