Deswell Industries, Inc. (NASDAQ:DSWL) Short Interest Update

Deswell Industries, Inc. (NASDAQ:DSWL) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 2,100 shares, a drop of 62.5% from the May 31st total of 5,600 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 5,800 shares, the short-interest ratio is currently 0.4 days.

Deswell Industries Trading Down 1.2 %

Shares of NASDAQ:DSWL traded down $0.03 during midday trading on Friday, reaching $2.48. 26,921 shares of the company were exchanged, compared to its average volume of 7,431. Deswell Industries has a fifty-two week low of $2.12 and a fifty-two week high of $2.88. The stock has a fifty day simple moving average of $2.40 and a two-hundred day simple moving average of $2.39.

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

Deswell Industries Announces Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a yield of 8.1%.

About Deswell Industries

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.