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

Deswell Industries, Inc. (NASDAQ:DSWL) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 2,200 shares, a growth of 633.3% from the September 30th total of 300 shares. Based on an average daily trading volume, of 8,800 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Deswell Industries Stock Up 0.4 %

DSWL traded up $0.01 during trading on Friday, hitting $2.59. The company’s stock had a trading volume of 2,185 shares, compared to its average volume of 8,563. The business’s 50 day simple moving average is $2.49 and its 200-day simple moving average is $2.43. Deswell Industries has a one year low of $2.12 and a one year high of $2.88.

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 in China, the United States, Europe, Hong Kong, the United Kingdom, Canada, and internationally.