GigaMedia Limited (NASDAQ:GIGM) Short Interest Update

GigaMedia Limited (NASDAQ:GIGM) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 165 shares, a drop of 88.8% from the December 31st total of 1,475 shares. Based on an average daily volume of 10,112 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 10,112 shares, the short-interest ratio is currently 0.0 days.

GigaMedia Stock Down 1.3%

GIGM traded down $0.02 during trading on Wednesday, reaching $1.47. 1,304 shares of the stock traded hands, compared to its average volume of 7,917. GigaMedia has a 12 month low of $1.38 and a 12 month high of $1.89. The stock has a market capitalization of $16.24 million, a PE ratio of -13.36 and a beta of 0.41. The stock’s 50-day moving average is $1.50 and its 200 day moving average is $1.56.

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

Institutional Investors Weigh In On GigaMedia

An institutional investor recently raised its position in GigaMedia stock. Osaic Holdings Inc. lifted its position in GigaMedia Limited (NASDAQ:GIGM) by 29.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,233 shares of the technology company’s stock after acquiring an additional 38,521 shares during the quarter. Osaic Holdings Inc. owned 1.53% of GigaMedia worth $242,000 as of its most recent SEC filing. Institutional investors own 13.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of GigaMedia in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

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.