GigaMedia Limited (NASDAQ:GIGM) Short Interest Up 116.9% in December
by Jessica Moore · The Cerbat GemGigaMedia Limited (NASDAQ:GIGM – Get Free Report) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 1,312 shares, an increase of 116.9% from the November 30th total of 605 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 3,378 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 3,378 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of GigaMedia in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, GigaMedia has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on GIGM
GigaMedia Stock Performance
Shares of GIGM traded down $0.00 during mid-day trading on Friday, hitting $1.50. 15,839 shares of the company’s stock were exchanged, compared to its average volume of 5,367. The company has a market cap of $16.58 million, a price-to-earnings ratio of -13.64 and a beta of 0.44. The stock’s 50-day moving average is $1.55 and its 200-day moving average is $1.55. GigaMedia has a fifty-two week low of $1.38 and a fifty-two week high of $1.89.
GigaMedia (NASDAQ:GIGM – Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The technology company reported ($0.09) earnings per share for the quarter. The company had revenue of $0.92 million for the quarter. GigaMedia had a negative return on equity of 3.25% and a negative net margin of 37.82%.
Hedge Funds Weigh In On GigaMedia
An institutional investor recently raised its position in GigaMedia stock. Osaic Holdings Inc. grew its stake in GigaMedia Limited (NASDAQ:GIGM – Free Report) by 29.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 169,233 shares of the technology company’s stock after buying an additional 38,521 shares during the period. Osaic Holdings Inc. owned 1.53% of GigaMedia worth $242,000 at the end of the most recent reporting period. Institutional investors own 13.50% of the company’s stock.
About GigaMedia
GigaMedia Limited (NASDAQ: GIGM) is a digital entertainment company that develops and operates online gaming platforms and value‐added services. The company’s offerings encompass multiplayer online games, mobile titles, and interactive entertainment that cater to both casual and core gaming audiences. Through its proprietary platform architecture, GigaMedia delivers content that ranges from fantasy role‐playing adventures to strategy and social games.
In addition to game development and publishing, GigaMedia provides a suite of complementary services designed to enhance user engagement and monetization.