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

Deswell Industries, Inc. (NASDAQ:DSWL) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 13,367 shares, an increase of 142.8% from the June 30th total of 5,505 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 19,915 shares, the short-interest ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Deswell Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Hedge Funds Weigh In On Deswell Industries

An institutional investor recently bought a new position in Deswell Industries stock. Royal Palms Capital LLC acquired a new position in shares of Deswell Industries, Inc. (NASDAQ:DSWL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries comprises about 1.9% of Royal Palms Capital LLC’s investment portfolio, making the stock its 24th largest holding. Royal Palms Capital LLC owned approximately 2.89% of Deswell Industries at the end of the most recent reporting period.

Deswell Industries Trading Down 5.8%

NASDAQ:DSWL opened at $3.23 on Thursday. Deswell Industries has a 1 year low of $2.79 and a 1 year high of $4.48. The firm’s fifty day simple moving average is $3.48 and its 200 day simple moving average is $3.41. The firm has a market capitalization of $51.49 million, a PE ratio of 6.73 and a beta of 0.61.

Deswell Industries Announces Dividend

The company also recently declared a special dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, July 2nd. Deswell Industries’s dividend payout ratio is 41.67%.

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.