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

Key Points

• Deswell Industries, Inc. (NASDAQ:DSWL) experienced a significant decrease of 49.0% in short interest, dropping from 19,200 shares on August 15th to 9,800 shares by August 31st.
• Garde Capital Inc. purchased 83,048 shares of Deswell Industries stock, valued at approximately $198,000, indicating institutional interest in the company.
• Deswell Industries recently announced a semi-annual dividend of $0.10 per share, reflecting a substantial dividend yield of 820.0% for its stockholders.

Deswell Industries, Inc. (NASDAQ:DSWL - Get Free Report) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 9,800 shares, a decline of 49.0% from the August 15th total of 19,200 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 28,000 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 28,000 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Deswell Industries stock. Garde Capital Inc. acquired a new position in shares of Deswell Industries, Inc. (NASDAQ:DSWL - Free Report) during the fourth quarter, according to the company in its most recent disclosure 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 0.52% of Deswell Industries at the end of the most recent reporting period.

Deswell Industries Trading Up 1.5%

DSWL stock traded up $0.06 on Friday, reaching $4.09. 9,439 shares of the company's stock were exchanged, compared to its average volume of 43,514. The stock has a fifty day moving average of $3.47 and a 200-day moving average of $2.75. Deswell Industries has a twelve month low of $1.93 and a twelve month high of $4.48.

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.