Deswell Industries, Inc. (NASDAQ:DSWL) Short Interest Down 59.8% in July

Key Points

• Deswell Industries, Inc. (NASDAQ:DSWL) experienced a significant 59.8% decline in short interest in July, with short interest dropping from 21,900 shares to 8,800 shares by July 31st.
• Institutional investor Garde Capital Inc. recently acquired a new position in Deswell Industries, buying 83,048 shares valued at approximately $198,000.
• The company also declared a semi-annual dividend of $0.10 per share, with a notable yield of 820.0% paid out to shareholders on July 17th.

Deswell Industries, Inc. (NASDAQ:DSWL - Get Free Report) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 8,800 shares, adecreaseof59.8% from the July 15th total of 21,900 shares. Currently,0.2% of the shares of the stock are sold short. Based on an average trading volume of 22,600 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 22,600 shares, the short-interest ratio is presently 0.4 days. Currently,0.2% of the shares of the stock are sold short.

Deswell Industries Trading Down 0.9%

Shares of NASDAQ:DSWL traded down $0.03 during trading on Thursday, reaching $3.46. The company had a trading volume of 8,519 shares, compared to its average volume of 18,350. The firm's fifty day moving average is $2.85 and its 200 day moving average is $2.50. Deswell Industries has a twelve month low of $1.93 and a twelve month high of $3.64.

Deswell Industries Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, July 17th. Stockholders of record on Thursday, July 3rd were issued a $0.10 dividend. The ex-dividend date was Thursday, July 3rd. This represents a dividend yield of 820.0%.

Institutional Trading of Deswell Industries

An institutional investor recently bought a new position in Deswell Industries stock. Garde Capital Inc. purchased a new position in shares of Deswell Industries, Inc. (NASDAQ:DSWL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 83,048 shares of the technology company's stock, valued at approximately $198,000. Garde Capital Inc. owned 0.52% of Deswell Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Deswell Industries Company Profile

Deswell Industries, Inc manufactures and sells injection-molded plastic parts and components, electronic products and subassemblies, and metallic molds and accessory parts for original equipment manufacturers and contract manufacturers in China, the United States, Europe, Hong Kong, the United Kingdom, Canada, and internationally.