Short Interest in Deswell Industries, Inc. (NASDAQ:DSWL) Expands By 438.3%

Deswell Industries, Inc. (NASDAQ:DSWL) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 2,218 shares, an increase of 438.3% from the April 15th total of 412 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 10,023 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Deswell Industries

A hedge fund recently bought a new stake in Deswell Industries stock. Royal Palms Capital LLC bought a new stake in Deswell Industries, Inc. (NASDAQ:DSWL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries makes up 1.9% of Royal Palms Capital LLC’s holdings, making the stock its 24th largest position. Royal Palms Capital LLC owned 2.89% of Deswell Industries at the end of the most recent quarter.

Deswell Industries Price Performance

NASDAQ DSWL opened at $3.39 on Friday. The business has a fifty day moving average price of $3.27 and a two-hundred day moving average price of $3.42. The stock has a market capitalization of $53.96 million, a PE ratio of 7.05 and a beta of 0.67. Deswell Industries has a fifty-two week low of $1.93 and a fifty-two week high of $4.48.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Deswell Industries in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently 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.