Short Interest in Deswell Industries, Inc. (NASDAQ:DSWL) Declines By 99.0%

Deswell Industries, Inc. (NASDAQ:DSWL) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 138 shares, a drop of 99.0% from the February 26th total of 14,363 shares. Based on an average trading volume of 8,906 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 8,906 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Deswell Industries

A hedge fund recently bought a new stake in Deswell Industries stock. Royal Palms Capital LLC purchased a new stake in shares of Deswell Industries, Inc. (NASDAQ:DSWL) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries comprises about 1.9% of Royal Palms Capital LLC’s investment portfolio, making the stock its 24th largest holding. Royal Palms Capital LLC owned about 2.89% of Deswell Industries as of its most recent SEC filing.

Analyst Ratings Changes

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

Deswell Industries Stock Down 0.5%

NASDAQ DSWL opened at $3.25 on Wednesday. The company has a fifty day moving average of $3.44 and a two-hundred day moving average of $3.57. The firm has a market capitalization of $51.73 million, a price-to-earnings ratio of 6.76 and a beta of 0.54. Deswell Industries has a 52 week low of $1.93 and a 52 week high of $4.48.

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.