Deswell Industries, Inc. (NASDAQ:DSWL) Short Interest Update

Deswell Industries, Inc. (NASDAQ:DSWL) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 7,457 shares, a drop of 29.8% from the November 30th total of 10,619 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 9,440 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 9,440 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Deswell Industries in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Deswell Industries Price Performance

Shares of NASDAQ:DSWL opened at $3.58 on Tuesday. The firm has a market capitalization of $57.07 million, a PE ratio of 7.46 and a beta of 0.54. Deswell Industries has a 1 year low of $1.93 and a 1 year high of $4.48. The firm’s 50-day moving average is $3.52 and its two-hundred day moving average is $3.41.

Deswell Industries Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 2nd were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, December 2nd. This represents a yield of 551.0%. Deswell Industries’s dividend payout ratio is 41.67%.

Deswell Industries Company Profile

Deswell Industries, Inc (NASDAQ: DSWL) is a China-based medical device company that designs, develops, manufactures and distributes airway management and respiratory care products. The company’s product portfolio includes laryngeal mask airways, disposable endotracheal tubes, nebulizers, oxygen therapy equipment, humidifiers and related ventilator accessories. Deswell’s devices are used in hospitals, clinics and home-care settings to support anesthesia, emergency medicine and respiratory treatment.

Founded in 2003 and headquartered in Shenzhen, Deswell operates multiple manufacturing facilities that comply with international quality standards, including FDA 510(k) clearances and CE markings for many of its devices.