Gulf Island Fabrication, Inc. (NASDAQ:GIFI) was the recipient of a significant increase in short interest in 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. Based on an average daily volume of 123,800 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.3% of the shares of the company are sold short.
GIFI stock traded up $0.08 during midday trading on Friday, reaching $4.47. 116,600 shares of the company were exchanged, compared to its average volume of 74,503. Gulf Island Fabrication has a one year low of $4.25 and a one year high of $10.43. The business has a 50-day moving average price of $5.20 and a two-hundred day moving average price of $6.71.
Gulf Island Fabrication (NASDAQ:GIFI) last issued its earnings results on Monday, November 4th. The oil and gas company reported ($0.44) earnings per share 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 cut shares of Gulf Island Fabrication from a “c-” rating to a “d+” rating in a research report on Tuesday, August 6th.
Gulf Island Fabrication Company Profile
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.
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