GigaMedia Limited (NASDAQ:GIGM) Sees Large Growth in Short Interest

GigaMedia Limited (NASDAQ:GIGM) was the target of a large increase in short interest in 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. Based on an average daily trading volume, of 3,378 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 3,378 shares, the short-interest ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of GigaMedia in a research report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

GigaMedia Price Performance

Shares of GIGM opened at $1.50 on Friday. The business has a 50-day moving average of $1.55 and a 200-day moving average of $1.55. The company has a market capitalization of $16.58 million, a price-to-earnings ratio of -13.64 and a beta of 0.44. GigaMedia has a 1 year low of $1.38 and a 1 year high of $1.89.

GigaMedia (NASDAQ:GIGM) last announced its earnings results on Thursday, October 30th. The technology company reported ($0.09) EPS for the quarter. GigaMedia had a negative net margin of 37.82% and a negative return on equity of 3.25%. The company had revenue of $0.92 million during the quarter.

Institutional Trading of GigaMedia

A hedge fund recently raised its stake in GigaMedia stock. Osaic Holdings Inc. grew its holdings in shares of GigaMedia Limited (NASDAQ:GIGM) by 29.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 169,233 shares of the technology company’s stock after acquiring an additional 38,521 shares during the period. Osaic Holdings Inc. owned 1.53% of GigaMedia worth $242,000 as of its most recent SEC filing. 13.50% of the stock is owned by hedge funds and other institutional investors.

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.