Deswell Industries, Inc. (NASDAQ:DSWL) Short Interest Up 38.4% in February

by · The Cerbat Gem

Deswell Industries, Inc. (NASDAQ:DSWL – Get Free Report) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 13,011 shares, a growth of 38.4% from the January 29th total of 9,400 shares. Based on an average daily volume of 11,747 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 11,747 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Deswell Industries stock. Royal Palms Capital LLC bought a new position in Deswell Industries, Inc. (NASDAQ:DSWL – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries comprises about 1.9% of Royal Palms Capital LLC’s investment portfolio, making the stock its 24th largest position. Royal Palms Capital LLC owned approximately 2.89% of Deswell Industries as of its most recent SEC filing.

Deswell Industries Stock Performance

Deswell Industries stock traded down $0.06 during midday trading on Tuesday, reaching $3.44. 6,935 shares of the company were exchanged, compared to its average volume of 11,648. The firm’s 50-day simple moving average is $3.51 and its 200-day simple moving average is $3.63. The company has a market capitalization of $54.83 million, a price-to-earnings ratio of 7.17 and a beta of 0.54. Deswell Industries has a 1 year low of $1.93 and a 1 year high of $4.48.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Deswell Industries in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy”.

Read Our Latest Research Report on Deswell Industries

Deswell Industries Company Profile

(Get Free Report)

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.

Read More