GigaMedia Limited (NASDAQ:GIGM) Short Interest Update

GigaMedia Limited (NASDAQ:GIGM) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 3,506 shares, an increase of 1,193.7% from the February 12th total of 271 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 5,709 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 5,709 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On GigaMedia

A hedge fund recently raised its stake in GigaMedia stock. Osaic Holdings Inc. boosted its stake in shares of GigaMedia Limited (NASDAQ:GIGM) by 29.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 169,233 shares of the technology company’s stock after acquiring 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 reporting period. Institutional investors own 13.50% of the company’s stock.

GigaMedia Stock Down 1.9%

GigaMedia stock opened at $1.53 on Wednesday. The company’s 50-day moving average price is $1.53 and its two-hundred day moving average price is $1.58. The stock has a market cap of $16.91 million, a P/E ratio of -13.91 and a beta of 0.43. GigaMedia has a twelve month low of $1.38 and a twelve month high of $1.89.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of GigaMedia in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus 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.