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

Key Points

• Deswell Industries, Inc. experienced a significant reduction in short interest, dropping by 33.7% in September to 13,000 shares, which accounts for approximately 0.3% of the company's stock.
• Weiss Ratings has maintained a "buy" rating for Deswell Industries, with a consensus analyst rating of "Buy" from market data.
• The company's stock price decreased by 4.4% to $3.39, with a trading volume that was notably lower than its average volume.

Deswell Industries, Inc. (NASDAQ:DSWL - Get Free Report) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 13,000 shares, a decrease of 33.7% from the September 15th total of 19,600 shares. Based on an average trading volume of 26,600 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the company's stock are short sold. Approximately 0.3% of the company's stock are short sold. Based on an average trading volume of 26,600 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "buy (b)" rating on shares of Deswell Industries in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy".

Deswell Industries Stock Down 4.4%

Shares of Deswell Industries stock traded down $0.16 on Wednesday, hitting $3.39. The stock had a trading volume of 607 shares, compared to its average volume of 21,006. Deswell Industries has a one year low of $1.93 and a one year high of $4.48. The stock's 50-day simple moving average is $3.83 and its two-hundred day simple moving average is $2.97.

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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