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

Deswell Industries, Inc. (NASDAQ:DSWL) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totalling 5,900 shares, an increase of 181.0% from the June 15th total of 2,100 shares. Based on an average daily trading volume, of 8,100 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the company’s stock are sold short.

Deswell Industries Trading Down 2.1 %

Shares of NASDAQ DSWL traded down $0.05 during trading on Friday, reaching $2.38. The company had a trading volume of 58,326 shares, compared to its average volume of 8,390. The business’s 50-day moving average is $2.43 and its 200 day moving average is $2.38. Deswell Industries has a 12-month low of $2.12 and a 12-month high of $2.88.

Deswell Industries (NASDAQ:DSWL) last released its quarterly earnings data on Thursday, June 20th. The technology company reported $0.48 earnings per share for the quarter. The firm had revenue of $69.37 million for the quarter.

Deswell Industries Dividend Announcement

The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be issued a $0.10 dividend. The ex-dividend date is Friday, July 5th. This represents a yield of 8.1%.

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.