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

Deswell Industries, Inc. (NASDAQ:DSWL) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 2,218 shares, a growth of 438.3% from the April 15th total of 412 shares. Based on an average daily trading volume, of 10,023 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Deswell Industries

A hedge fund recently bought a new stake in Deswell Industries stock. Royal Palms Capital LLC bought a new position in shares of Deswell Industries, Inc. (NASDAQ:DSWL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries makes up 1.9% of Royal Palms Capital LLC’s investment portfolio, making the stock its 24th biggest position. Royal Palms Capital LLC owned approximately 2.89% of Deswell Industries at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Deswell Industries in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Deswell Industries currently has an average rating of “Buy”.

Deswell Industries Trading Down 1.6%

Shares of DSWL traded down $0.06 during trading hours on Thursday, reaching $3.39. 5,004 shares of the stock traded hands, compared to its average volume of 10,587. Deswell Industries has a 52-week low of $1.93 and a 52-week high of $4.48. The company’s 50-day moving average price is $3.27 and its two-hundred day moving average price is $3.42. The company has a market cap of $53.96 million, a P/E ratio of 7.05 and a beta of 0.67.

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.