What Will Happen to Gulf Island Fabrication Inc (NASDAQ:GIFI) Next? The Stock Has Decline in 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.
Great West Life Assurance Can reported 0% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Citigroup owns 0% invested in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) for 12,582 shares. Millennium Management Ltd Limited Liability Company owns 0% invested in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) for 108,204 shares. Morgan Dempsey Cap Management Limited Liability owns 0.15% invested in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) for 41,297 shares. Tci Wealth Advsr invested 0% of its portfolio in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Franklin Inc accumulated 227,000 shares. Thrivent Fincl For Lutherans holds 10,473 shares or 0% of its portfolio. Tennessee-based State Of Tennessee Treasury Department has invested 0% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). State Teachers Retirement System has invested 0% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Pnc Fincl Gru invested 0% in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Schroder Investment Gru, Maine-based fund reported 1,900 shares. American Gp holds 0% or 1,634 shares. Ariel Investments Lc holds 0.04% of its portfolio in Gulf Island Fabrication, Inc. (NASDAQ:GIFI) for 368,044 shares. Mason Street Advisors Ltd invested 0% of its portfolio in Gulf Island Fabrication, Inc. (NASDAQ:GIFI). Teachers Retirement Sys Of The State Of Kentucky accumulated 8,600 shares.

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: Seekingalpha.com which released: “Gulf Island Fabrication: Assets Provide A Margin Of Safety – Seeking Alpha” on March 06, 2019, also Finance.Yahoo.com with their article: “Here’s What We Think About Gulf Island Fabrication, Inc.’s (NASDAQ:GIFI) CEO Pay – Yahoo Finance” published on May 23, 2019, Globenewswire.com published: “Gulf Island Announces Review of Alternative Strategies – GlobeNewswire” on May 06, 2019. More interesting news about Gulf Island Fabrication, Inc. (NASDAQ:GIFI) were released by: Globenewswire.com and their article: “Gulf Island Fabrication, Inc. Announces Project Awards – GlobeNewswire” published on March 19, 2018 as well as Globenewswire.com‘s news article titled: “Gulf Island Announces Appointment of Westley Stockton as Chief Financial Officer – GlobeNewswire” with publication date: September 11, 2018.

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

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