Deswell Industries, Inc. (NASDAQ:DSWL) Stock Short Interest Declines 88.9%

Deswell Industries, Inc. (NASDAQ:DSWL) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 182 shares, a drop of 88.9% from the September 15th total of 1,634 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 10,589 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Deswell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Deswell Industries Stock Performance

Shares of DSWL traded down $0.07 during trading hours on Friday, hitting $3.03. 1,433 shares of the stock were exchanged, compared to its average volume of 8,735. Deswell Industries has a 12-month low of $2.84 and a 12-month high of $4.06. The company has a market cap of $48.15 million, a price-to-earnings ratio of 6.31 and a beta of 0.54. The stock’s 50-day moving average price is $3.12 and its two-hundred day moving average price is $3.29.

About Deswell Industries

Deswell Industries Ltd. (NASDAQ: DSWL) is a manufacturer of plastic injection-molded products and electronic components. The company provides contract manufacturing services for original equipment manufacturers, producing components and assembled products used in consumer electronics, automotive applications, medical equipment, telecommunications and other industrial products.

Its plastic manufacturing operations include injection molding, tooling and related assembly services for finished products and components.