Deswell Industries, Inc. (NASDAQ:DSWL) Stock Short Interest Rises 224.9%

Deswell Industries, Inc. (NASDAQ:DSWL) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,634 shares, an increase of 224.9% from the August 31st total of 503 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 9,270 shares, the short-interest ratio is presently 0.2 days.

Deswell Industries Stock Down 1.0%

Shares of DSWL traded down $0.03 during mid-day trading on Friday, reaching $3.10. 2,206 shares of the stock traded hands, compared to its average volume of 9,108. The stock has a fifty day simple moving average of $3.19 and a 200 day simple moving average of $3.30. The firm has a market cap of $49.26 million, a price-to-earnings ratio of 6.46 and a beta of 0.62. Deswell Industries has a 12-month low of $2.84 and a 12-month high of $4.06.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Deswell Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. One equities 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 manufacturer of plastic and electronic products for original equipment manufacturers and other commercial customers. The company’s operations include injection molding, plastic component production, product assembly, and related manufacturing services.

Its plastic products are used in a range of consumer and industrial applications, while its electronic products business produces assembled electronic devices and components. Deswell generally works with customers on contract manufacturing and provides production, assembly, and related support services.

Founded in 1987, Deswell conducts its manufacturing activities in China and serves customers in international markets, including North America, Europe, and Asia.