GigaMedia Limited (NASDAQ:GIGM) Stock Short Interest Report for September

GigaMedia Limited (NASDAQ:GIGM – Get Free Report) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 67 shares, a drop of 96.2% from the September 15th total of 1,780 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,663 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered GigaMedia from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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GigaMedia Price Performance

GigaMedia stock traded down $0.02 during midday trading on Friday, hitting $1.36. 4,451 shares of the stock were exchanged, compared to its average volume of 3,162. GigaMedia has a 1 year low of $1.11 and a 1 year high of $1.72. The firm has a market cap of $15.03 million, a P/E ratio of -7.56 and a beta of 0.44. The company has a 50 day moving average price of $1.40 and a two-hundred day moving average price of $1.41.

GigaMedia (NASDAQ:GIGM – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The technology company reported $0.05 EPS for the quarter. The firm had revenue of $2.13 million for the quarter. GigaMedia had a negative net margin of 43.36% and a negative return on equity of 5.36%.

GigaMedia Company Profile

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GigaMedia Limited was a Taiwan-based digital entertainment company whose business historically focused on online games and related interactive services. The company developed and operated gaming platforms offering casual games, card games, mahjong and other online entertainment products.

Its principal consumer brand was FunTown, an online gaming service associated with the Taiwanese and broader Asian markets. GigaMedia also operated or invested in online gaming businesses serving international customers, including online poker and casino-related services, although the company’s portfolio changed over time as it divested certain operations.

GigaMedia’s business activities have primarily been connected with Taiwan and other markets in Asia, with selected online gaming services reaching customers internationally.

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