Deswell Industries, Inc. (NASDAQ:DSWL) Short Interest Down 86.5% in August

Deswell Industries, Inc. (NASDAQ:DSWL) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 411 shares, a decline of 86.5% from the July 30th total of 3,044 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 7,512 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

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

Institutional Trading of Deswell Industries

An institutional investor recently bought a new position in Deswell Industries stock. Royal Palms Capital LLC acquired a new stake in shares of Deswell Industries, Inc. (NASDAQ:DSWL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries comprises about 1.9% of Royal Palms Capital LLC’s investment portfolio, making the stock its 24th largest position. Royal Palms Capital LLC owned 2.89% of Deswell Industries as of its most recent filing with the SEC.

Deswell Industries Stock Performance

Shares of Deswell Industries stock traded up $0.06 on Friday, hitting $3.07. 3,786 shares of the company traded hands, compared to its average volume of 11,374. The stock has a market capitalization of $48.77 million, a P/E ratio of 6.40 and a beta of 0.62. Deswell Industries has a 52 week low of $2.84 and a 52 week high of $4.48. The business has a 50-day simple moving average of $3.41 and a 200 day simple moving average of $3.37.

Deswell Industries Dividend Announcement

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

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.