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

Deswell Industries, Inc. (NASDAQ:DSWL) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 1,800 shares, a growth of 50.0% from the February 29th total of 1,200 shares. Based on an average daily volume of 8,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Deswell Industries Stock Performance

Shares of NASDAQ DSWL traded down $0.01 during mid-day trading on Friday, reaching $2.24. 4,406 shares of the company were exchanged, compared to its average volume of 6,776. Deswell Industries has a 52 week low of $2.12 and a 52 week high of $2.89. The company’s 50 day moving average price is $2.29 and its 200 day moving average price is $2.41.

Institutional Investors Weigh In On Deswell Industries

A hedge fund recently bought a new stake in Deswell Industries stock. Susquehanna International Group LLP acquired a new stake in Deswell Industries, Inc. (NASDAQ:DSWL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 19,404 shares of the technology company’s stock, valued at approximately $61,000. Susquehanna International Group LLP owned approximately 0.12% of Deswell Industries as of its most recent filing with the SEC.

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. It operates through two segments, Plastic Injection Molding and Electronic Products Assembling.