Deswell Industries, Inc. (NASDAQ:DSWL) Short Interest Down 86.5% in August

Key Points

• Short interest plunged 86.5% in August to 411 shares, representing just 0.0% of Deswell Industries’ outstanding shares and a short-interest ratio of 0.1 days.
• Royal Palms Capital LLC acquired 460,893 shares, worth approximately $1.6 million, giving it a 2.89% stake in the company.
• DSWL traded at $3.16, below its 50-day and 200-day moving averages, while the company recently paid a special $0.20 dividend. The stock retains an overall “Buy” rating despite Weiss Ratings’ downgrade from “buy (b)” to “buy (b-).”

Deswell Industries, Inc. (NASDAQ:DSWL - Get Free Report) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 411 shares, a decline of 86.5% from the July 30th total of 3,044 shares. Based on an average trading volume of 7,512 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Deswell Industries stock. Royal Palms Capital LLC bought a new stake in Deswell Industries, Inc. (NASDAQ:DSWL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 460,893 shares of the technology company's stock, valued at approximately $1,595,000. Deswell Industries comprises about 1.9% of Royal Palms Capital LLC's holdings, making the stock its 24th biggest holding. Royal Palms Capital LLC owned approximately 2.89% of Deswell Industries as of its most recent filing with the SEC.

Deswell Industries Stock Performance

DSWL stock traded up $0.04 during mid-day trading on Wednesday, hitting $3.16. 1,337 shares of the company were exchanged, compared to its average volume of 11,258. The firm has a market cap of $50.23 million, a P/E ratio of 6.59 and a beta of 0.62. The firm's 50 day simple moving average is $3.43 and its 200 day simple moving average is $3.38. Deswell Industries has a 1-year low of $2.94 and a 1-year high of $4.48.

Deswell Industries Dividend Announcement

The business also recently announced a special dividend, which was paid on Thursday, July 16th. Investors of record on Thursday, July 2nd were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. Deswell Industries's dividend payout ratio is presently 41.67%.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Deswell Industries from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Deswell Industries presently has an average rating of "Buy".

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.

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