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

Deswell Industries, Inc. (NASDAQ:DSWL) was the recipient of a large 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 stock are short sold. Based on an average trading volume of 7,512 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Deswell Industries

A hedge fund recently bought a new stake in Deswell Industries stock. Royal Palms Capital LLC purchased a new position in shares of Deswell Industries, Inc. (NASDAQ:DSWL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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 holding. Royal Palms Capital LLC owned 2.89% of Deswell Industries at the end of the most recent quarter.

Deswell Industries Stock Performance

DSWL stock traded up $0.04 during mid-day trading on Wednesday, hitting $3.16. The company had a trading volume of 1,337 shares, compared to its average volume of 11,258. The firm has a market cap of $50.23 million, a PE ratio of 6.59 and a beta of 0.62. Deswell Industries has a 12 month low of $2.94 and a 12 month high of $4.48. The stock’s fifty day moving average price is $3.43 and its two-hundred day moving average price is $3.38.

Deswell Industries Announces Dividend

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

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 investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus 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.