Deswell Industries, Inc. (NASDAQ:DSWL) Short Interest Up 1,900.0% in May

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

NASDAQ DSWL remained flat at $$2.97 on Monday. 1 shares of the company’s stock traded hands, compared to its average volume of 11,883. Deswell Industries has a 1 year low of $2.65 and a 1 year high of $3.53.

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

A hedge fund recently bought a new stake in Deswell Industries stock. Bessemer Group Inc. acquired a new stake in Deswell Industries, Inc. (NASDAQ:DSWL) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 22,100 shares of the technology company’s stock, valued at approximately $67,000. Bessemer Group Inc. owned about 0.14% of Deswell Industries at the end of the most recent reporting period. Institutional investors and hedge funds own 4.18% of the company’s stock.

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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 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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