GigaMedia Limited (NASDAQ:GIGM) Short Interest Update

GigaMedia Limited (NASDAQ:GIGM) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 96 shares, a decline of 97.3% from the February 26th total of 3,506 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 6,325 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 6,325 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of GigaMedia

A hedge fund recently raised its stake in GigaMedia stock. Osaic Holdings Inc. raised its stake in GigaMedia Limited (NASDAQ:GIGM) by 29.5% during the second quarter, according to 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 buying 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. Institutional investors own 13.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of GigaMedia in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

GigaMedia Stock Down 5.1%

Shares of NASDAQ:GIGM traded down $0.08 during trading on Tuesday, reaching $1.45. 3,020 shares of the company traded hands, compared to its average volume of 6,190. The firm has a market capitalization of $16.02 million, a PE ratio of -13.18 and a beta of 0.43. GigaMedia has a 52 week low of $1.37 and a 52 week high of $1.89. The company’s 50 day moving average is $1.53 and its two-hundred day moving average is $1.57.

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.