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

Deswell Industries, Inc. (NASDAQ:DSWL) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 138 shares, a drop of 99.0% from the February 26th total of 14,363 shares. Based on an average daily volume of 8,906 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Deswell Industries Price Performance

Shares of NASDAQ:DSWL opened at $3.21 on Thursday. The company has a market capitalization of $51.15 million, a P/E ratio of 6.69 and a beta of 0.54. Deswell Industries has a 1-year low of $1.93 and a 1-year high of $4.48. The firm’s 50 day simple moving average is $3.43 and its two-hundred day simple moving average is $3.57.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Deswell Industries stock. Royal Palms Capital LLC purchased a new position in Deswell Industries, Inc. (NASDAQ:DSWL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 holdings, making the stock its 24th largest holding. Royal Palms Capital LLC owned 2.89% of Deswell Industries as of its most recent SEC filing.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Deswell Industries in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

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.