Short Interest in Deswell Industries, Inc. (NASDAQ:DSWL) Decreases By 49.0%

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 - ) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 9,800 shares, a decrease of 49.0% from the August 15th total of 19,200 shares. Based on an average trading volume of 28,000 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 28,000 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Deswell Industries

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

Deswell Industries Stock Performance

NASDAQ DSWL traded down $0.02 during trading hours on Friday, hitting $4.15. The company had a trading volume of 14,722 shares, compared to its average volume of 44,358. Deswell Industries has a 1-year low of $1.93 and a 1-year high of $4.48. The business has a 50 day moving average of $3.34 and a 200-day moving average of $2.69.

Deswell Industries Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Thursday, July 17th. Stockholders 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 dividend yield of 820.0%.

About Deswell Industries

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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