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

Deswell Industries, Inc. (NASDAQ:DSWL) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 4,210 shares, a growth of 89.8% from the April 30th total of 2,218 shares. Based on an average trading volume of 8,300 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Deswell Industries

An institutional investor recently bought a new position in Deswell Industries stock. Royal Palms Capital LLC acquired a new position in Deswell Industries, Inc. (NASDAQ:DSWL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries comprises 1.9% of Royal Palms Capital LLC’s portfolio, making the stock its 24th biggest position. Royal Palms Capital LLC owned 2.89% of Deswell Industries at the end of the most recent quarter.

Deswell Industries Trading Down 2.4%

Shares of Deswell Industries stock opened at $3.27 on Tuesday. The firm has a market capitalization of $52.12 million, a PE ratio of 6.81 and a beta of 0.66. Deswell Industries has a 12 month low of $2.26 and a 12 month high of $4.48. The business’s 50-day moving average price is $3.28 and its 200-day moving average price is $3.42.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Deswell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 18th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

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.