Short Interest in Deswell Industries, Inc. (NASDAQ:DSWL) Rises By 100.0%

Deswell Industries, Inc. (NASDAQ:DSWL) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 19,600 shares, a growth of 100.0% from the August 31st total of 9,800 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 28,900 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 28,900 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.4% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Deswell Industries in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Deswell Industries has an average rating of “Buy”.

Deswell Industries Trading Up 0.3%

Shares of NASDAQ:DSWL opened at $3.96 on Monday. The company has a 50-day moving average price of $3.67 and a two-hundred day moving average price of $2.87. Deswell Industries has a twelve month low of $1.93 and a twelve month high of $4.48.

About Deswell Industries

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.