Short Interest in Deswell Industries, Inc. (NASDAQ:DSWL) Rises By 600.0%

Deswell Industries, Inc. (NASDAQ:DSWL) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 4,900 shares, an increase of 600.0% from the March 15th total of 700 shares. Based on an average daily volume of 20,300 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

A hedge fund recently bought a new stake in Deswell Industries stock. Renaissance Technologies LLC acquired a new stake in shares of Deswell Industries, Inc. (NASDAQ:DSWL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,636 shares of the technology company’s stock, valued at approximately $31,000. Renaissance Technologies LLC owned about 0.07% of Deswell Industries as of its most recent SEC filing. 2.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:DSWL traded down $0.01 during trading on Wednesday, hitting $3.77. The company had a trading volume of 198,528 shares, compared to its average volume of 23,596. The company has a fifty day simple moving average of $3.63 and a two-hundred day simple moving average of $3.14. Deswell Industries has a one year low of $2.10 and a one year high of $4.05.

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 in two segments, Plastic Injection Molding and Electronic Products Assembling.

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