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

Deswell Industries, Inc. (NASDAQ:DSWL) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 123 shares, a decrease of 97.1% from the May 14th total of 4,210 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 10,497 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Deswell Industries

An institutional investor recently bought a new position in Deswell Industries stock. Royal Palms Capital LLC bought a new stake in Deswell Industries, Inc. (NASDAQ:DSWL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 portfolio, making the stock its 24th biggest holding. Royal Palms Capital LLC owned about 2.89% of Deswell Industries as of its most recent SEC filing.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Deswell Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Deswell Industries Stock Up 0.3%

Shares of NASDAQ DSWL traded up $0.01 during midday trading on Thursday, hitting $3.27. The stock had a trading volume of 5,241 shares, compared to its average volume of 10,119. The company has a market capitalization of $52.12 million, a PE ratio of 6.81 and a beta of 0.66. The stock has a 50 day simple moving average of $3.30 and a 200-day simple moving average of $3.40. Deswell Industries has a 1 year low of $2.26 and a 1 year high of $4.48.

Deswell Industries Company Profile

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.