Deswell Industries, Inc. (NASDAQ:DSWL – Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 123 shares, a drop of 97.1% from the May 14th total of 4,210 shares. Based on an average daily volume of 10,497 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.
Institutional Investors Weigh In On Deswell Industries
An institutional investor recently bought a new position in Deswell Industries stock. Royal Palms Capital LLC purchased a new stake in shares of Deswell Industries, Inc. (NASDAQ:DSWL – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries comprises approximately 1.9% of Royal Palms Capital LLC’s holdings, making the stock its 24th biggest position. Royal Palms Capital LLC owned 2.89% of Deswell Industries as of its most recent filing with the Securities & Exchange Commission.
Deswell Industries Price Performance
Shares of Deswell Industries stock opened at $3.28 on Wednesday. Deswell Industries has a 1 year low of $2.26 and a 1 year high of $4.48. The firm’s 50-day moving average is $3.29 and its 200 day moving average is $3.40. The stock has a market cap of $52.30 million, a price-to-earnings ratio of 6.86 and a beta of 0.66.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on Deswell Industries
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.
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