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

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

Institutional Inflows and Outflows

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

Shares of Deswell Industries stock opened at $2.34 on Thursday. The business has a 50-day moving average price of $2.37 and a 200-day moving average price of $2.47. Deswell Industries has a twelve month low of $2.14 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.