GigaMedia Limited (NASDAQ:GIGM) Short Interest Update

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

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 for the company.

GigaMedia Stock Down 3.5 %

Shares of NASDAQ:GIGM traded down $0.06 during midday trading on Friday, hitting $1.58. The stock had a trading volume of 4,708 shares, compared to its average volume of 31,083. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.80. The business’s 50-day simple moving average is $1.52 and its 200-day simple moving average is $1.40. The company has a market cap of $17.46 million, a P/E ratio of -4.39 and a beta of 0.37.

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.