Deswell Industries, Inc. (NASDAQ:DSWL) Short Interest Update

Deswell Industries, Inc. (NASDAQ:DSWL) was the recipient of a large drop in short interest in 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. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,650 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 20,650 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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 & Exchange Commission. 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 investment 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 Trading Up 4.3%

DSWL stock traded up $0.15 during mid-day trading on Friday, reaching $3.65. The company’s stock had a trading volume of 20,517 shares, compared to its average volume of 15,943. The company’s 50 day moving average is $3.44 and its two-hundred day moving average is $3.58. 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 $58.18 million, a PE ratio of 7.60 and a beta of 0.57.

About Deswell Industries

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.