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

Deswell Industries, Inc. (NASDAQ:DSWL) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,218 shares, an increase of 438.3% from the April 15th total of 412 shares. Based on an average trading volume of 10,023 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Deswell Industries in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Deswell Industries presently has an average rating of “Buy”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Deswell Industries stock. Royal Palms Capital LLC bought a new position in Deswell Industries, Inc. (NASDAQ:DSWL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 position. Royal Palms Capital LLC owned approximately 2.89% of Deswell Industries as of its most recent SEC filing.

Deswell Industries Stock Performance

Shares of DSWL opened at $3.37 on Wednesday. The firm has a fifty day moving average of $3.27 and a 200-day moving average of $3.42. The company has a market cap of $53.72 million, a price-to-earnings ratio of 7.02 and a beta of 0.67. Deswell Industries has a 1 year low of $1.93 and a 1 year high of $4.48.

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.