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

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

Analyst Upgrades and Downgrades

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, GigaMedia has a consensus rating of “Sell”.

GigaMedia Stock Down 1.4%

NASDAQ:GIGM traded down $0.02 during trading hours on Friday, reaching $1.36. The company had a trading volume of 4,451 shares, compared to its average volume of 3,162. The firm has a market cap of $15.03 million, a price-to-earnings ratio of -7.56 and a beta of 0.44. The business’s 50-day simple moving average is $1.40 and its two-hundred day simple moving average is $1.41. GigaMedia has a twelve month low of $1.11 and a twelve month high of $1.72.

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

About GigaMedia

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.