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

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

Wall Street Analyst Weigh In

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

Deswell Industries Price Performance

NASDAQ:DSWL traded up $0.00 during trading hours on Thursday, hitting $3.19. The company had a trading volume of 11,838 shares, compared to its average volume of 11,564. The company has a market capitalization of $50.74 million, a PE ratio of 6.61 and a beta of 0.62. The stock has a 50-day moving average price of $3.46 and a 200 day moving average price of $3.40. Deswell Industries has a 52 week low of $2.94 and a 52 week high of $4.48.

Deswell Industries Dividend Announcement

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

Hedge Funds Weigh In On Deswell Industries

A hedge fund recently bought a new stake in Deswell Industries stock. Royal Palms Capital LLC acquired a new stake in shares of Deswell Industries, Inc. (NASDAQ:DSWL) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries makes up about 1.9% of Royal Palms Capital LLC’s portfolio, making the stock its 24th biggest position. Royal Palms Capital LLC owned approximately 2.89% of Deswell Industries at the end of the most recent quarter.

About Deswell Industries

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.