Deswell Industries, Inc. (NASDAQ:DSWL) Shares Shorted: Short Interest Down 88.9% in September

Deswell Industries, Inc. (NASDAQ:DSWL) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 182 shares, a decrease of 88.9% from the September 15th total of 1,634 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 10,589 shares, the days-to-cover ratio is presently 0.0 days.

Deswell Industries Price Performance

Shares of NASDAQ:DSWL opened at $3.03 on Friday. Deswell Industries has a 1-year low of $2.84 and a 1-year high of $4.06. The stock has a market cap of $48.13 million, a P/E ratio of 6.31 and a beta of 0.54. The firm has a fifty day moving average price of $3.12 and a 200 day moving average price of $3.29.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Deswell Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. One analyst has rated the stock with a Hold rating. According to MarketBeat, the stock has a consensus rating of “Hold”.

Deswell Industries Company Profile

Deswell Industries Ltd. (NASDAQ: DSWL) is a manufacturer of plastic injection-molded products and electronic components. The company provides contract manufacturing services for original equipment manufacturers, producing components and assembled products used in consumer electronics, automotive applications, medical equipment, telecommunications and other industrial products.

Its plastic manufacturing operations include injection molding, tooling and related assembly services for finished products and components.