Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Short Interest Update
Gulf Island Fabrication, Inc. (NASDAQ:GIFI) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 158,500 shares, an increase of 13.5% from the September 30th total of 139,600 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average trading volume of 123,800 shares, the days-to-cover ratio is presently 1.3 days.
NASDAQ GIFI traded up $0.08 during midday trading on Friday, hitting $4.47. 116,600 shares of the company traded hands, compared to its average volume of 74,503. Gulf Island Fabrication has a 52 week low of $4.25 and a 52 week high of $10.43. The company’s 50-day simple moving average is $5.20 and its 200-day simple moving average is $6.71.
Gulf Island Fabrication (NASDAQ:GIFI) last issued its earnings results on Monday, November 4th. The oil and gas company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.51). Gulf Island Fabrication had a negative return on equity of 10.14% and a negative net margin of 6.95%. The firm had revenue of $75.80 million for the quarter.
Separately, TheStreet lowered Gulf Island Fabrication from a “c-” rating to a “d+” rating in a research note on Tuesday, August 6th.
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 in segments: Fabrication, Shipyard, Services, and EPC. The Fabrication segment fabricates modules for petrochemical and industrial facilities, foundations for alternative energy developments, and other steel structures.
Receive News & Ratings for Gulf Island Fabrication Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulf Island Fabrication and related companies with MarketBeat.com's FREE daily email newsletter.