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

Deswell Industries, Inc. (NASDAQ:DSWL) was the recipient of a large growth in short interest in 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 trading volume of 13,100 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

Deswell Industries Price Performance

NASDAQ:DSWL traded up $0.01 during midday trading on Friday, hitting $2.40. 10,189 shares of the company were exchanged, compared to its average volume of 13,695. The company has a fifty day simple moving average of $2.39 and a 200 day simple moving average of $2.47. Deswell Industries has a fifty-two week low of $2.14 and a fifty-two week 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. purchased a new position in shares of Deswell Industries, Inc. (NASDAQ:DSWL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 83,048 shares of the technology company’s stock, valued at approximately $198,000. Garde Capital Inc. owned approximately 0.52% of Deswell Industries at the end of the most recent reporting period.

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.