Deswell Industries, Inc. (NASDAQ:DSWL – Get Free Report) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 552 shares, a growth of 348.8% from the May 31st total of 123 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 6,494 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Trading of Deswell Industries
An institutional investor recently bought a new position in Deswell Industries stock. Royal Palms Capital LLC acquired a new position in 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 acquired 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries accounts for 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 as of its most recent SEC filing.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of Deswell Industries from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.
Deswell Industries Trading Up 2.7%
Shares of DSWL stock traded up $0.10 during mid-day trading on Friday, reaching $3.77. The stock had a trading volume of 9,395 shares, compared to its average volume of 11,674. Deswell Industries has a 1-year low of $2.45 and a 1-year high of $4.48. The firm has a market cap of $60.07 million, a price-to-earnings ratio of 7.85 and a beta of 0.66. The business’s fifty day moving average is $3.39 and its 200-day moving average is $3.39.
Deswell Industries Announces Dividend
The firm also recently declared a special dividend, which will be paid on Thursday, July 16th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, July 2nd. Deswell Industries’s dividend payout ratio (DPR) is currently 41.67%.
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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