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

Deswell Industries, Inc. (NASDAQ:DSWL) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 6,100 shares, a growth of 177.3% from the January 31st total of 2,200 shares. Based on an average daily volume of 13,100 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Deswell Industries stock. Garde Capital Inc. bought a new stake in Deswell Industries, Inc. (NASDAQ:DSWL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 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 SEC filing.

Deswell Industries Trading Up 0.2 %

Deswell Industries stock traded up $0.01 during midday trading on Friday, hitting $2.40. 10,189 shares of the company’s stock were exchanged, compared to its average volume of 13,695. Deswell Industries has a 12-month low of $2.14 and a 12-month high of $2.74. The firm’s 50 day simple moving average is $2.39 and its 200 day simple moving average is $2.47.

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.