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

Deswell Industries, Inc. (NASDAQ:DSWL) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 800 shares, an increase of 300.0% from the August 15th total of 200 shares. Based on an average trading volume of 10,700 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Deswell Industries Stock Performance

Shares of Deswell Industries stock traded down $0.13 during trading on Thursday, reaching $2.42. 18,820 shares of the stock were exchanged, compared to its average volume of 8,526. Deswell Industries has a 1 year low of $2.12 and a 1 year high of $2.88. The stock’s fifty day moving average is $2.40 and its 200 day moving average is $2.36.

Deswell Industries (NASDAQ:DSWL) last released its quarterly earnings results on Thursday, June 20th. The technology company reported $0.48 EPS for the quarter. The business had revenue of $69.37 million for the quarter.

Deswell Industries Announces Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were paid a $0.10 dividend. This represents a yield of 8.1%. The ex-dividend date of this dividend was Friday, July 5th.

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. It operates through two segments, Plastic Injection Molding and Electronic Products Assembling.