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

Deswell Industries, Inc. (NASDAQ:DSWLGet Free Report) saw a large decline in short interest during the month of 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 company’s stock are short sold. Based on an average daily trading volume, of 7,512 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Deswell Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Get Our Latest Stock Report on Deswell Industries

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 shares of Deswell Industries, Inc. (NASDAQ:DSWLFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries accounts for about 1.9% of Royal Palms Capital LLC’s holdings, making the stock its 24th largest holding. Royal Palms Capital LLC owned approximately 2.89% of Deswell Industries at the end of the most recent quarter.

Deswell Industries Stock Down 2.9%

DSWL traded down $0.09 during trading on Thursday, hitting $3.01. 35,790 shares of the stock were exchanged, compared to its average volume of 11,424. Deswell Industries has a 1-year low of $2.84 and a 1-year high of $4.48. The stock has a fifty day moving average price of $3.41 and a two-hundred day moving average price of $3.37. The firm has a market capitalization of $47.83 million, a P/E ratio of 6.27 and a beta of 0.62.

Deswell Industries Announces Dividend

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

About Deswell Industries

(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.

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