GigaMedia Limited (NASDAQ:GIGM – Get Free Report) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 10,587 shares, a growth of 69.0% from the May 14th total of 6,263 shares. Based on an average trading volume of 5,052 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.1% of the shares of the company are short sold.
GigaMedia Trading Down 0.7%
Shares of GigaMedia stock traded down $0.01 on Monday, reaching $1.38. 1,834 shares of the stock were exchanged, compared to its average volume of 5,887. GigaMedia has a 1-year low of $1.29 and a 1-year high of $1.89. The business has a fifty day moving average price of $1.42 and a two-hundred day moving average price of $1.48. The firm has a market capitalization of $15.25 million, a PE ratio of -9.20 and a beta of 0.49.
GigaMedia (NASDAQ:GIGM – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported ($0.08) EPS for the quarter. The firm had revenue of $0.75 million during the quarter. GigaMedia had a negative net margin of 50.86% and a negative return on equity of 4.52%.
Institutional Investors Weigh In On GigaMedia
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of GigaMedia in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average 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.
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