Deswell Industries, Inc. (NASDAQ:DSWL) Sees Large Drop in Short Interest

Deswell Industries, Inc. (NASDAQ:DSWL) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 1,900 shares, a decrease of 68.9% from the February 13th total of 6,100 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,900 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Deswell Industries

An institutional investor recently bought a new position in Deswell Industries stock. Garde Capital Inc. bought a new stake in shares of Deswell Industries, Inc. (NASDAQ:DSWL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 83,048 shares of the technology company’s stock, valued at approximately $198,000. Garde Capital Inc. owned about 0.52% of Deswell Industries as of its most recent SEC filing.

Deswell Industries Price Performance

Shares of NASDAQ DSWL remained flat at $2.33 during mid-day trading on Friday. The stock had a trading volume of 17,264 shares, compared to its average volume of 9,653. Deswell Industries has a twelve month low of $2.14 and a twelve month high of $2.74. The business’s 50-day moving average is $2.37 and its 200 day moving average is $2.47.

Deswell Industries Company Profile

Deswell Industries, Inc manufactures and sells injection-molded plastic parts and components, electronic products and subassemblies, and metallic molds and accessory parts for original equipment manufacturers and contract manufacturers in China, the United States, Europe, Hong Kong, the United Kingdom, Canada, and internationally.