Deswell Industries, Inc. (NASDAQ:DSWL) Short Interest Down 41.5% in January

Deswell Industries, Inc. (NASDAQ:DSWL) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 9,400 shares, a drop of 41.5% from the January 15th total of 16,070 shares. Based on an average daily volume of 20,650 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 20,650 shares, the days-to-cover ratio is currently 0.5 days.

Deswell Industries Trading Up 5.7%

Shares of DSWL stock traded up $0.20 during trading hours on Friday, reaching $3.70. 13,235 shares of the stock were exchanged, compared to its average volume of 12,621. Deswell Industries has a 12-month low of $1.93 and a 12-month high of $4.48. The firm has a market capitalization of $58.98 million, a price-to-earnings ratio of 7.71 and a beta of 0.57. The company’s 50-day moving average price is $3.44 and its 200-day moving average price is $3.57.

Analyst Ratings Changes

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

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 Deswell Industries, Inc. (NASDAQ:DSWL) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries makes up 1.9% of Royal Palms Capital LLC’s holdings, making the stock its 24th largest holding. Royal Palms Capital LLC owned 2.89% of Deswell Industries at the end of the most recent quarter.

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.