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

Key Points

• Deswell Industries, Inc. experienced a significant increase in short interest in September, with a total of 19,600 shares shorted, up 100% from the previous month.
• The average analyst rating for Deswell Industries is currently a "buy", with Weiss Ratings reissuing a buy rating for the stock.
• Deswell Industries' stock is currently trading at $3.96, showing a slight increase of 0.3% during mid-day trading.

Deswell Industries, Inc. (NASDAQ:DSWL - Get Free Report) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 19,600 shares, an increase of 100.0% from the August 31st total of 9,800 shares. Based on an average daily volume of 28,900 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 28,900 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Deswell Industries in a research report on Saturday, September 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Deswell Industries presently has an average rating of "Buy".

Deswell Industries Stock Up 0.3%

DSWL stock traded up $0.01 during mid-day trading on Friday, hitting $3.96. The company had a trading volume of 17,465 shares, compared to its average volume of 24,293. Deswell Industries has a 12-month low of $1.93 and a 12-month high of $4.48. The company has a 50-day moving average price of $3.67 and a 200 day moving average price of $2.86.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.