Short Interest in GigaMedia Limited (NASDAQ:GIGM) Expands By 53.3%

GigaMedia Limited (NASDAQ:GIGM) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 253 shares, a growth of 53.3% from the January 15th total of 165 shares. Based on an average daily volume of 4,637 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 4,637 shares, the short-interest ratio is presently 0.1 days.

GigaMedia Price Performance

Shares of GIGM traded down $0.02 during trading hours on Friday, reaching $1.56. 4,177 shares of the company’s stock traded hands, compared to its average volume of 6,664. GigaMedia has a twelve month low of $1.38 and a twelve month high of $1.89. The firm has a market capitalization of $17.22 million, a price-to-earnings ratio of -14.17 and a beta of 0.43. The business’s fifty day simple moving average is $1.51 and its two-hundred day simple moving average is $1.57.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of GigaMedia in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On GigaMedia

A hedge fund recently raised its stake in GigaMedia stock. Osaic Holdings Inc. lifted its holdings in GigaMedia Limited (NASDAQ:GIGM) by 29.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,233 shares of the technology company’s stock after purchasing an additional 38,521 shares during the period. Osaic Holdings Inc. owned about 1.53% of GigaMedia worth $242,000 at the end of the most recent reporting period. 13.50% of the stock is owned by institutional investors.

About GigaMedia

GigaMedia Limited (NASDAQ: GIGM) is a digital entertainment company that develops and operates online gaming platforms and value‐added services. The company’s offerings encompass multiplayer online games, mobile titles, and interactive entertainment that cater to both casual and core gaming audiences. Through its proprietary platform architecture, GigaMedia delivers content that ranges from fantasy role‐playing adventures to strategy and social games.

In addition to game development and publishing, GigaMedia provides a suite of complementary services designed to enhance user engagement and monetization.