Short Interest in Deswell Industries, Inc. (NASDAQ:DSWL) Increases By 142.8%

Deswell Industries, Inc. (NASDAQ:DSWL) was the recipient of a large increase in short interest in 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. Based on an average daily volume of 19,915 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the company’s shares are sold short.

Wall Street Analyst Weigh In

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

Deswell Industries Trading Down 2.9%

DSWL stock opened at $3.38 on Tuesday. The business’s 50 day moving average is $3.48 and its 200-day moving average is $3.41. Deswell Industries has a 1-year low of $2.79 and a 1-year high of $4.48. The firm has a market cap of $53.88 million, a P/E ratio of 7.04 and a beta of 0.61.

Deswell Industries Announces Dividend

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

Hedge Funds Weigh In On Deswell Industries

An institutional investor recently bought a new position in Deswell Industries stock. Royal Palms Capital LLC purchased a new position in shares of Deswell Industries, Inc. (NASDAQ:DSWL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 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 position. Royal Palms Capital LLC owned approximately 2.89% of Deswell Industries at the end of the most recent reporting period.

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.