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

Deswell Industries, Inc. (NASDAQ:DSWL) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 15,954 shares, an increase of 113.9% from the December 15th total of 7,457 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 15,090 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 15,090 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.2% of the company’s stock are sold short.

Deswell Industries Price Performance

DSWL opened at $3.47 on Wednesday. The company has a market capitalization of $55.29 million, a price-to-earnings ratio of 7.23 and a beta of 0.55. Deswell Industries has a 1 year low of $1.93 and a 1 year high of $4.48. The firm’s fifty day moving average price is $3.52 and its two-hundred day moving average price is $3.49.

Deswell Industries Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 2nd were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a dividend yield of 551.0%. Deswell Industries’s dividend payout ratio is 41.67%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Deswell Industries in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

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.