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

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

Deswell Industries Trading Down 8.7%

Deswell Industries stock traded down $0.30 during trading on Wednesday, reaching $3.13. The company had a trading volume of 34,056 shares, compared to its average volume of 11,865. The firm has a market capitalization of $49.89 million, a price-to-earnings ratio of 6.52 and a beta of 0.61. The firm’s 50-day simple moving average is $3.48 and its 200 day simple moving average is $3.41. Deswell Industries has a 52 week low of $2.79 and a 52 week high of $4.48.

Deswell Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Deswell Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Deswell Industries

A hedge fund recently bought a new stake in Deswell Industries stock. Royal Palms Capital LLC purchased a new position in Deswell Industries, Inc. (NASDAQ:DSWL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries makes up about 1.9% of Royal Palms Capital LLC’s investment portfolio, making the stock its 24th largest holding. Royal Palms Capital LLC owned 2.89% of Deswell Industries as of its most recent SEC filing.

About Deswell Industries

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.