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

Deswell Industries, Inc. (NASDAQ:DSWL) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 21,900 shares, anincreaseof995.0% from the June 30th total of 2,000 shares. Approximately0.5% of the shares of the company are short sold. Based on an average trading volume of 24,300 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 24,300 shares, the days-to-cover ratio is currently 0.9 days. Approximately0.5% of the shares of the company are short sold.

Institutional Trading of Deswell Industries

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

Deswell Industries Price Performance

Shares of NASDAQ:DSWL opened at $2.95 on Friday. Deswell Industries has a 12-month low of $1.93 and a 12-month high of $3.38. The business has a 50 day moving average of $2.63 and a two-hundred day moving average of $2.43.

Deswell Industries Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Thursday, July 17th. Investors of record on Thursday, July 3rd were paid a $0.10 dividend. This represents a dividend yield of 820.0%. The ex-dividend date was Thursday, July 3rd.

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.