GigaMedia Limited (NASDAQ:GIGM) Stock Short Interest Report for October

by · The Markets Daily

GigaMedia Limited (NASDAQ:GIGM – Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 152 shares, an increase of 126.9% from the September 30th total of 67 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,340 shares, the short-interest ratio is presently 0.0 days.

GigaMedia Price Performance

Shares of NASDAQ GIGM traded up $0.18 during mid-day trading on Friday, hitting $1.41. 95,551 shares of the company’s stock traded hands, compared to its average volume of 6,618. GigaMedia has a 1 year low of $1.11 and a 1 year high of $1.66. The company’s 50-day moving average is $1.35 and its two-hundred day moving average is $1.43. The company has a market capitalization of $15.58 million, a P/E ratio of -7.83 and a beta of 0.44.

GigaMedia (NASDAQ:GIGM – Get Free Report) last released its quarterly earnings results on Friday, October 30th. The technology company reported $0.17 EPS for the quarter. GigaMedia had a negative return on equity of 5.36% and a negative net margin of 43.36%. The company had revenue of $3.16 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded GigaMedia from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on GIGM

About GigaMedia

(Get Free Report)

GigaMedia Limited (NASDAQ: GIGM) is an online games and entertainment company focused primarily on markets in Greater China and Southeast Asia. Through its online entertainment platforms, the company provides casual and social games, including mahjong, poker, card and other multiplayer titles designed for play on computers and mobile devices.

The company operates the FunTown brand, which has historically served users in Taiwan and other Asian markets. Its services are generally supported by digital distribution and online platform features, including account management, virtual goods and other forms of in-game entertainment.

GigaMedia was founded in 1998 and initially developed telecommunications and broadband-related businesses in Taiwan before transitioning toward online games and entertainment.

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