GigaMedia Limited (NASDAQ:GIGM) Short Interest Update

GigaMedia Limited (NASDAQ:GIGM) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 7,500 shares, an increase of 27.1% from the December 15th total of 5,900 shares. Based on an average daily trading volume, of 19,600 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

GigaMedia Stock Down 3.5 %

Shares of GigaMedia stock traded down $0.06 on Friday, hitting $1.58. The company’s stock had a trading volume of 4,708 shares, compared to its average volume of 31,083. The company has a market capitalization of $17.46 million, a P/E ratio of -4.39 and a beta of 0.37. GigaMedia has a 52-week low of $1.23 and a 52-week high of $1.80. The firm has a fifty day moving average price of $1.52 and a 200-day moving average price of $1.40.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on GigaMedia in a report on Monday, January 13th. They set a “sell” rating for the company.

About GigaMedia

GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan, Hong Kong, and Macau. The company owns and operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games, as well as provides services such as player clubs, tournaments, avatars, friends and family messenger and online chatting systems, customer service, mobile platform, and customer platform.