Deswell Industries, Inc. (NASDAQ:DSWL) Sees Large Decline in Short Interest

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 - ) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 8,800 shares, adeclineof59.8% from the July 15th total of 21,900 shares. Based on an average trading volume of 22,600 shares, the days-to-cover ratio is presently 0.4 days. Currently,0.2% of the company's stock are sold short. Currently,0.2% of the company's stock are sold short. Based on an average trading volume of 22,600 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Deswell Industries

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

Deswell Industries Trading Up 10.2%

Shares of NASDAQ:DSWL traded up $0.32 during trading on Friday, hitting $3.47. The company's stock had a trading volume of 51,493 shares, compared to its average volume of 16,794. Deswell Industries has a fifty-two week low of $1.93 and a fifty-two week high of $3.48. The stock's 50-day moving average price is $2.77 and its two-hundred day moving average price is $2.48.

Deswell Industries Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, July 17th. Shareholders of record on Thursday, July 3rd were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, July 3rd. This represents a yield of 820.0%.

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.

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