GigaMedia Limited (NASDAQ:GIGM) Short Interest Update

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

GigaMedia Price Performance

GIGM traded down $0.02 during trading on Monday, reaching $1.56. 4,177 shares of the stock were exchanged, compared to its average volume of 6,415. GigaMedia has a 1 year low of $1.38 and a 1 year high of $1.89. The company 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 50 day moving average price is $1.51 and its two-hundred day moving average price is $1.57.

Institutional Trading of GigaMedia

An institutional investor recently raised its position in GigaMedia stock. Osaic Holdings Inc. grew its position in shares of GigaMedia Limited (NASDAQ:GIGM) by 29.5% during the 2nd quarter, according to its most recent 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 1.53% of GigaMedia worth $242,000 at the end of the most recent quarter. 13.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of GigaMedia in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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.