Deswell Industries, Inc. (NASDAQ:DSWL) Shares Shorted: Short Interest Down 88.9% in September

Deswell Industries, Inc. (NASDAQ:DSWL) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 182 shares, a decline of 88.9% from the September 15th total of 1,634 shares. Based on an average daily volume of 10,589 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Deswell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Deswell Industries presently has a consensus rating of “Hold”.

Deswell Industries Trading Down 2.3%

DSWL stock opened at $3.03 on Friday. The stock has a 50-day moving average price of $3.12 and a two-hundred day moving average price of $3.29. The company has a market cap of $48.13 million, a PE ratio of 6.31 and a beta of 0.54. Deswell Industries has a 12-month low of $2.84 and a 12-month high of $4.06.

Deswell Industries Company Profile

Deswell Industries Ltd. (NASDAQ: DSWL) is a manufacturer of plastic injection-molded products and electronic components. The company provides contract manufacturing services for original equipment manufacturers, producing components and assembled products used in consumer electronics, automotive applications, medical equipment, telecommunications and other industrial products.

Its plastic manufacturing operations include injection molding, tooling and related assembly services for finished products and components.