GigaMedia Limited (NASDAQ:GIGM – Get Free Report) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 9,700 shares, a growth of 506.3% from the January 15th total of 1,600 shares. Based on an average daily volume of 17,100 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the shares of the stock are sold short.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on GigaMedia in a research report on Thursday, February 6th. They set a “sell” rating on the stock.
Get Our Latest Stock Analysis on GIGM
GigaMedia Stock Up 2.4 %
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.
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