Deswell Industries, Inc. (NASDAQ:DSWL) Short Interest Update

Deswell Industries, Inc. (NASDAQ:DSWL) saw a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 412 shares, a drop of 73.7% from the March 31st total of 1,567 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 12,914 shares, the days-to-cover ratio is currently 0.0 days.

Deswell Industries Trading Up 0.6%

DSWL stock traded up $0.02 during trading on Friday, reaching $3.33. The stock had a trading volume of 6,205 shares, compared to its average volume of 11,968. The firm has a fifty day moving average price of $3.33 and a 200 day moving average price of $3.44. The company has a market capitalization of $53.06 million, a P/E ratio of 6.94 and a beta of 0.63. Deswell Industries has a 1-year low of $1.93 and a 1-year high of $4.48.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Deswell Industries in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Deswell Industries stock. Royal Palms Capital LLC purchased a new stake in Deswell Industries, Inc. (NASDAQ:DSWL) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries accounts for 1.9% of Royal Palms Capital LLC’s holdings, making the stock its 24th largest position. Royal Palms Capital LLC owned about 2.89% of Deswell Industries as of its most recent filing with the SEC.

About Deswell Industries

Deswell Industries, Inc (NASDAQ: DSWL) is a China-based medical device company that designs, develops, manufactures and distributes airway management and respiratory care products. The company’s product portfolio includes laryngeal mask airways, disposable endotracheal tubes, nebulizers, oxygen therapy equipment, humidifiers and related ventilator accessories. Deswell’s devices are used in hospitals, clinics and home-care settings to support anesthesia, emergency medicine and respiratory treatment.

Founded in 2003 and headquartered in Shenzhen, Deswell operates multiple manufacturing facilities that comply with international quality standards, including FDA 510(k) clearances and CE markings for many of its devices.