Short Interest in Deswell Industries, Inc. (NASDAQ:DSWL) Increases By 29.4%

Deswell Industries, Inc. (NASDAQ:DSWL) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 2,200 shares, an increase of 29.4% from the March 15th total of 1,700 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 13,900 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Deswell Industries

A hedge fund recently bought a new stake in Deswell Industries stock. Garde Capital Inc. acquired a new stake in Deswell Industries, Inc. (NASDAQ:DSWL) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 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.

Deswell Industries Trading Down 0.2 %

Shares of Deswell Industries stock opened at $2.26 on Monday. The company has a 50-day simple moving average of $2.33 and a two-hundred day simple moving average of $2.44. Deswell Industries has a twelve month low of $2.15 and a twelve month high of $2.74.

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.