GigaMedia Limited (NASDAQ:GIGM) Short Interest Update

GigaMedia Limited (NASDAQ:GIGM) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 6,300 shares, a decline of 76.8% from the October 31st total of 27,100 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 13,600 shares, the days-to-cover ratio is currently 0.5 days.

GigaMedia Stock Performance

Shares of GIGM stock traded up $0.01 during trading hours on Wednesday, hitting $1.46. The company had a trading volume of 1,793 shares, compared to its average volume of 10,001. The firm has a market capitalization of $16.14 million, a price-to-earnings ratio of -4.03 and a beta of 0.37. GigaMedia has a 12 month low of $1.23 and a 12 month high of $1.53. The firm’s fifty day moving average is $1.41 and its 200 day moving average is $1.35.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on GigaMedia in a report on Tuesday. They set a “sell” rating for the company.

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.