Deswell Industries, Inc. (NASDAQ:DSWL) Short Interest Up 177.3% in February

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

Deswell Industries Stock Performance

Shares of NASDAQ:DSWL traded up $0.01 during mid-day trading on Friday, reaching $2.40. The stock had a trading volume of 10,189 shares, compared to its average volume of 13,695. The firm has a 50 day simple moving average of $2.39 and a two-hundred day simple moving average of $2.48. Deswell Industries has a twelve month low of $2.14 and a twelve month high of $2.74.

Institutional Investors Weigh In On Deswell Industries

An institutional investor recently bought a new position 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 the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 83,048 shares of the technology company’s stock, valued at approximately $198,000. Garde Capital Inc. owned 0.52% of Deswell Industries at the end of the most recent quarter.

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.