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

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

Wall Street Analyst Weigh In

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

GigaMedia Stock Down 1.4%

Shares of GigaMedia stock opened at $1.36 on Friday. The stock has a market capitalization of $15.03 million, a price-to-earnings ratio of -7.56 and a beta of 0.44. GigaMedia has a twelve month low of $1.11 and a twelve month high of $1.72. The company has a 50-day simple moving average of $1.40 and a two-hundred day simple moving average of $1.41.

GigaMedia (NASDAQ:GIGM) last announced its earnings results on Friday, July 31st. The technology company reported $0.05 earnings per share (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

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.