GigaMedia Limited (NASDAQ:GIGM) Short Interest Up 27.1% in December

GigaMedia Limited (NASDAQ:GIGM) was the target of a significant increase in short interest during the month of 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 shares are sold short. Based on an average daily trading volume, of 19,600 shares, the short-interest ratio is presently 0.4 days.

GigaMedia Trading Down 3.5 %

Shares of NASDAQ:GIGM traded down $0.06 during midday trading on Friday, hitting $1.58. The company 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 firm has a fifty day simple moving average of $1.52 and a 200 day simple moving average of $1.40. The stock has a market cap of $17.46 million, a price-to-earnings ratio of -4.39 and a beta of 0.37.

Wall Street Analyst Weigh In

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

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.