Deswell Industries, Inc. (NASDAQ:DSWL) Short Interest Up 181.0% in June

Deswell Industries, Inc. (NASDAQ:DSWL) saw a significant increase in short interest in the month of 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. Currently, 0.1% of the company’s stock are short sold.

Deswell Industries Stock Down 1.2 %

NASDAQ DSWL traded down $0.03 during midday trading on Friday, hitting $2.40. 62,886 shares of the company traded hands, compared to its average volume of 13,909. Deswell Industries has a 52 week low of $2.12 and a 52 week high of $2.88. The company’s 50-day simple moving average is $2.43 and its 200-day simple moving average is $2.38.

Deswell Industries (NASDAQ:DSWL) last issued its quarterly earnings data on Thursday, June 20th. The technology company reported $0.48 earnings per share for the quarter. The company 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. Stockholders of record on Friday, July 5th will be given a $0.10 dividend. This represents a dividend yield of 8.1%. The ex-dividend date is Friday, July 5th.

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.