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

Deswell Industries, Inc. (NASDAQ:DSWL) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 1,900 shares, a decrease of 68.9% from the February 13th total of 6,100 shares. Based on an average trading volume of 12,900 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Deswell Industries Stock Performance

Deswell Industries stock remained flat at $2.33 during mid-day trading on Friday. The company had a trading volume of 17,264 shares, compared to its average volume of 9,653. The stock’s 50-day moving average is $2.37 and its 200 day moving average is $2.47. Deswell Industries has a 1 year low of $2.14 and a 1 year high of $2.74.

Institutional Investors Weigh In On Deswell Industries

An institutional investor recently bought a new position in Deswell Industries stock. Garde Capital Inc. bought a new position in Deswell Industries, Inc. (NASDAQ:DSWL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 83,048 shares of the technology company’s stock, valued at approximately $198,000. Garde Capital Inc. owned about 0.52% of Deswell Industries at the end of the most recent reporting period.

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.