Deswell Industries, Inc. (NASDAQ:DSWL) Short Interest Up 55.6% in March

Deswell Industries, Inc. (NASDAQ:DSWL) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 2,800 shares, an increase of 55.6% from the March 15th total of 1,800 shares. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

Deswell Industries Trading Up 0.7 %

Shares of DSWL stock opened at $2.31 on Friday. Deswell Industries has a twelve month low of $2.12 and a twelve month high of $2.89. The stock has a fifty day simple moving average of $2.24 and a two-hundred day simple moving average of $2.40.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Deswell Industries stock. Susquehanna International Group LLP purchased a new stake in shares of Deswell Industries, Inc. (NASDAQ:DSWL) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 19,404 shares of the technology company’s stock, valued at approximately $61,000. Susquehanna International Group LLP owned about 0.12% of Deswell Industries as of its most recent filing with the SEC.

About Deswell Industries

Deswell Industries, Inc manufactures and sells injection-molded plastic parts and components, electronic products and subassemblies, and metallic molds and accessory parts for original equipment manufacturers and contract manufacturers. It operates through two segments, Plastic Injection Molding and Electronic Products Assembling.