GigaMedia Limited (NASDAQ:GIGM) Shares Shorted: Short Interest Down 94.7% in October

GigaMedia Limited (NASDAQ:GIGM) was the recipient of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 8 shares, a decrease of 94.7% from the October 15th total of 152 shares. Based on an average daily volume of 12,791 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of GigaMedia in a research report on Tuesday, November 3rd. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has a consensus rating of “Sell”.

GigaMedia Trading Up 1.4%

GigaMedia stock traded up $0.02 during mid-day trading on Tuesday, hitting $1.39. The company’s stock had a trading volume of 19,923 shares, compared to its average volume of 6,557. The firm has a market capitalization of $15.35 million, a PE ratio of 17.36 and a beta of 0.41. GigaMedia has a 1 year low of $1.11 and a 1 year high of $1.63. The stock’s fifty day moving average is $1.34 and its two-hundred day moving average is $1.43.

GigaMedia (NASDAQ:GIGM) last posted its earnings results on Friday, October 30th. The technology company reported $0.17 EPS for the quarter. GigaMedia had a negative return on equity of 0.25% and a net margin of 12.95%. The company had revenue of $3.16 million for the quarter.

About GigaMedia

GigaMedia Limited (NASDAQ: GIGM) is an online games and entertainment company focused primarily on markets in Greater China and Southeast Asia. Through its online entertainment platforms, the company provides casual and social games, including mahjong, poker, card and other multiplayer titles designed for play on computers and mobile devices. The company operates the FunTown brand, which has historically served users in Taiwan and other Asian markets. Its services are generally supported by digital distribution and online platform features, including account management, virtual goods and other forms of in-game entertainment.