GigaMedia Limited (NASDAQ:GIGM) Short Interest Up 2,967.7% in March

GigaMedia Limited (NASDAQ:GIGM) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 2,945 shares, an increase of 2,967.7% from the March 15th total of 96 shares. Based on an average trading volume of 3,744 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of GigaMedia in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On GigaMedia

An institutional investor recently raised its position in GigaMedia stock. Osaic Holdings Inc. increased its position in shares of GigaMedia Limited (NASDAQ:GIGM) by 29.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 currently owned by institutional investors and hedge funds.

GigaMedia Trading Up 3.3%

GIGM opened at $1.37 on Friday. The business’s 50 day moving average is $1.51 and its 200-day moving average is $1.54. The stock has a market cap of $15.19 million, a PE ratio of -10.57 and a beta of 0.45. GigaMedia has a twelve month low of $1.31 and a twelve month high of $1.89.

GigaMedia (NASDAQ:GIGM) last released its quarterly earnings results on Thursday, March 26th. The technology company reported ($0.06) earnings per share for the quarter. The business had revenue of $0.83 million for the quarter. GigaMedia had a negative net margin of 43.58% and a negative return on equity of 3.87%.

GigaMedia Company Profile

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.