GigaMedia Limited (NASDAQ:GIGM – Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 9,700 shares, an increase of 506.3% from the January 15th total of 1,600 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 17,100 shares, the short-interest ratio is currently 0.6 days.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on GigaMedia in a research report on Thursday, February 6th. They set a “sell” rating for the company.
Check Out Our Latest Stock Report on GIGM
GigaMedia Trading Up 2.4 %
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.
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