Deswell Industries, Inc. (NASDAQ:DSWL) Sees Large Increase in Short Interest

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Deswell Industries, Inc. (NASDAQ:DSWL) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 2,000 shares, an increase of 1,900.0% from the April 30th total of 100 shares. Based on an average daily volume of 7,200 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

NASDAQ DSWL opened at $2.90 on Wednesday. Deswell Industries has a one year low of $2.65 and a one year high of $3.53.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Friday, July 12th. Shareholders of record on Tuesday, June 25th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, June 24th. This is a positive change from Deswell Industries’s previous Semi-Annual dividend of $0.06.

An institutional investor recently raised its position in Deswell Industries stock. Wedbush Securities Inc. raised its holdings in Deswell Industries, Inc. (NASDAQ:DSWL) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 189,471 shares of the technology company’s stock after purchasing an additional 8,249 shares during the quarter. Wedbush Securities Inc. owned about 1.19% of Deswell Industries worth $567,000 as of its most recent filing with the SEC. 4.18% of the stock is owned by institutional investors and hedge funds.

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Deswell Industries Company Profile

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 produces a range of plastic parts and components that are used in the manufacture of consumer and industrial products, which include plastic components of electronic entertainment products; cases for flashlights, telephones, paging machines, projectors, and alarm clocks; toner cartridges and cases for photocopy and printer machines; and parts for electrical products, such as air-conditioning and ventilators, as well as parts for audio equipment and cases, and key tops for personal organizers and remote controls; double injection caps and baby products; parts for medical products comprising apparatus for blood tests; laser key caps; and automobile components.

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