Short Interest in Deswell Industries, Inc. (NASDAQ:DSWL) Expands By 38.4%

Deswell Industries, Inc. (NASDAQ:DSWL) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 13,011 shares, a growth of 38.4% from the January 29th total of 9,400 shares. Based on an average trading volume of 11,747 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 11,747 shares, the days-to-cover ratio is presently 1.1 days.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Deswell Industries stock. Royal Palms Capital LLC acquired a new position in shares of Deswell Industries, Inc. (NASDAQ:DSWL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 460,893 shares of the technology company’s stock, valued at approximately $1,595,000. Deswell Industries comprises 1.9% of Royal Palms Capital LLC’s portfolio, 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 Price Performance

Deswell Industries stock traded up $0.01 during mid-day trading on Wednesday, hitting $3.43. 983 shares of the company’s stock traded hands, compared to its average volume of 11,631. The firm has a 50 day simple moving average of $3.50 and a two-hundred day simple moving average of $3.63. Deswell Industries has a fifty-two week low of $1.93 and a fifty-two week high of $4.48. The stock has a market cap of $54.67 million, a price-to-earnings ratio of 7.15 and a beta of 0.54.

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.