GigaMedia Limited (NASDAQ:GIGM – Get Free Report) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 8 shares, a drop of 94.7% from the October 15th total of 152 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 12,791 shares, the days-to-cover ratio is presently 0.0 days.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of GigaMedia in a report on Tuesday, November 3rd. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, GigaMedia presently has an average rating of “Sell”.
Read Our Latest Stock Report on GigaMedia
GigaMedia Stock Performance
GIGM traded down $0.01 during trading on Thursday, hitting $1.38. 4,304 shares of the company’s stock traded hands, compared to its average volume of 9,720. The company’s 50 day simple moving average is $1.34 and its two-hundred day simple moving average is $1.43. GigaMedia has a 12-month low of $1.11 and a 12-month high of $1.63.
GigaMedia (NASDAQ:GIGM – Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The technology company reported $0.17 earnings per share for the quarter. The firm had revenue of $3.16 million during the quarter. GigaMedia had a negative return on equity of 0.25% and a net margin of 12.95%.
GigaMedia Company Profile
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.
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