Deswell Industries, Inc. (NASDAQ:DSWL) Short Interest Down 77.2% in July

Deswell Industries, Inc. (NASDAQ:DSWL) saw a large decline in short interest in July. As of July 31st, there was short interest totaling 3,044 shares, a decline of 77.2% from the July 15th total of 13,367 shares. Based on an average daily volume of 10,484 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Deswell Industries

An institutional investor recently bought a new stake in Deswell Industries stock. Royal Palms Capital LLC purchased a new position in shares of Deswell Industries, Inc. (NASDAQ:DSWL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries makes up approximately 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 Up 1.0%

Shares of NASDAQ:DSWL traded up $0.03 on Friday, reaching $3.15. 2,546 shares of the company were exchanged, compared to its average volume of 11,556. Deswell Industries has a 1-year low of $2.94 and a 1-year high of $4.48. The firm has a market cap of $50.05 million, a price-to-earnings ratio of 6.56 and a beta of 0.62. The company has a 50-day moving average of $3.46 and a 200-day moving average of $3.39.

Deswell Industries Announces Dividend

The business also recently announced a special dividend, which was paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd were given a dividend of $0.20 per share. The ex-dividend date was Thursday, July 2nd. Deswell Industries’s dividend payout ratio is presently 41.67%.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Deswell Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

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.