GigaMedia Limited (NASDAQ:GIGM – Get Free Report) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 11,300 shares, a growth of 17.7% from the May 31st total of 9,600 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,600 shares, the short-interest ratio is presently 1.3 days.
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on GigaMedia in a report on Thursday. They set a “sell” rating on the stock.
Read Our Latest Research Report on GIGM
GigaMedia Price Performance
GigaMedia (NASDAQ:GIGM – Get Free Report) last posted its earnings results on Friday, May 3rd. The technology company reported ($0.08) earnings per share for the quarter. The business had revenue of $0.73 million for the quarter. GigaMedia had a negative return on equity of 8.94% and a negative net margin of 109.81%.
GigaMedia Company Profile
GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan and Hong Kong. It operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games through branded platform. The company offers MahJong, a traditional Chinese tile-based game; casual card and table games; online card games; and chance-based games, including bingo, lotto, horse racing, Sic-Bo, slots, and various casual games.
Further Reading
- Five stocks we like better than GigaMedia
- Stock Average Calculator
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- What Is WallStreetBets and What Stocks Are They Targeting?
- MarketBeat Week in Review – 6/24 – 6/28
- Financial Services Stocks Investing
- General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024
Receive News & Ratings for GigaMedia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GigaMedia and related companies with MarketBeat.com's FREE daily email newsletter.