Short Interest in GigaMedia Limited (NASDAQ:GIGM) Drops By 51.5%

GigaMedia Limited (NASDAQ:GIGM) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 4,700 shares, a decrease of 51.5% from the January 31st total of 9,700 shares. Based on an average trading volume of 15,700 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on GigaMedia in a report on Sunday. They set a “sell” rating for the company.

GigaMedia Price Performance

Shares of NASDAQ:GIGM traded down $0.02 during trading on Friday, hitting $1.53. 9,021 shares of the company were exchanged, compared to its average volume of 15,406. The company has a market cap of $16.91 million, a PE ratio of -4.25 and a beta of 0.37. The stock has a 50 day moving average of $1.56 and a 200 day moving average of $1.45. GigaMedia has a 52-week low of $1.23 and a 52-week high of $1.80.

About GigaMedia

GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan, Hong Kong, and Macau. The company owns and operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games, as well as provides services such as player clubs, tournaments, avatars, friends and family messenger and online chatting systems, customer service, mobile platform, and customer platform.