Short Interest in GigaMedia Limited (NASDAQ:GIGM) Grows By 27.1%

GigaMedia Limited (NASDAQ:GIGM) was the target of a large 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. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 19,600 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of GigaMedia in a research note on Monday, January 13th. They set a “sell” rating on the stock.

GigaMedia Trading Down 3.5 %

GigaMedia stock traded down $0.06 during trading hours on Friday, reaching $1.58. 4,708 shares of the company were exchanged, compared to its average volume of 31,083. The stock has a 50-day moving average of $1.52 and a 200 day moving average of $1.40. The firm has a market cap of $17.46 million, a price-to-earnings ratio of -4.39 and a beta of 0.37. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.80.

GigaMedia Company Profile

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.