GigaMedia Limited (NASDAQ:GIGM) Short Interest Down 76.8% in November

GigaMedia Limited (NASDAQ:GIGM) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 6,300 shares, a decrease of 76.8% from the October 31st total of 27,100 shares. Based on an average daily volume of 13,600 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

GigaMedia Stock Performance

NASDAQ:GIGM traded up $0.02 during mid-day trading on Friday, hitting $1.48. The stock had a trading volume of 1,717 shares, compared to its average volume of 9,964. GigaMedia has a twelve month low of $1.23 and a twelve month high of $1.53. The stock has a market cap of $16.35 million, a price-to-earnings ratio of -4.11 and a beta of 0.37. The company’s 50 day simple moving average is $1.42 and its 200 day simple moving average is $1.35.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of GigaMedia in a research report on Tuesday. They set a “sell” rating on the stock.

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.