Short Interest in Deswell Industries, Inc. (NASDAQ:DSWL) Increases By 177.3%

Deswell Industries, Inc. (NASDAQ:DSWL) was the recipient of 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. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 13,100 shares, the short-interest ratio is currently 0.5 days.

Deswell Industries Price Performance

DSWL traded up $0.00 on Friday, reaching $2.39. The company had a trading volume of 3,201 shares, compared to its average volume of 13,515. The stock has a 50-day moving average price of $2.40 and a 200-day moving average price of $2.47. Deswell Industries has a 1 year low of $2.14 and a 1 year high of $2.74.

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 position in shares of Deswell Industries, Inc. (NASDAQ:DSWL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. 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 as of its most recent filing with the SEC.

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.