Short Interest in Data I/O Corporation (NASDAQ:DAIO) Drops By 53.3%

Data I/O Corporation (NASDAQ:DAIO) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 3,947 shares, a drop of 53.3% from the January 29th total of 8,444 shares. Based on an average daily trading volume, of 18,482 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 18,482 shares, the days-to-cover ratio is currently 0.2 days.

Data I/O Stock Up 1.8%

Shares of DAIO traded up $0.05 on Friday, hitting $2.86. 16,942 shares of the stock traded hands, compared to its average volume of 21,320. Data I/O has a 1 year low of $1.88 and a 1 year high of $3.57. The stock’s 50 day moving average is $3.08 and its two-hundred day moving average is $3.09. The firm has a market capitalization of $26.86 million, a P/E ratio of -7.15 and a beta of 1.08.

Data I/O (NASDAQ:DAIO) last issued its quarterly earnings results on Thursday, February 26th. The electronics maker reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.18). Data I/O had a negative net margin of 16.16% and a negative return on equity of 21.44%. The business had revenue of $3.98 million during the quarter, compared to analyst estimates of $5.41 million.

Hedge Funds Weigh In On Data I/O

Several large investors have recently added to or reduced their stakes in DAIO. Steward Partners Investment Advisory LLC acquired a new position in shares of Data I/O during the 2nd quarter valued at about $65,000. Penbrook Management LLC boosted its position in shares of Data I/O by 1.2% in the fourth quarter. Penbrook Management LLC now owns 356,850 shares of the electronics maker’s stock worth $1,131,000 after acquiring an additional 4,100 shares during the last quarter. Kovack Advisors Inc. grew its holdings in Data I/O by 2.2% in the fourth quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock valued at $852,000 after purchasing an additional 5,675 shares during the period. DRW Securities LLC acquired a new position in Data I/O during the fourth quarter worth approximately $37,000. Finally, NewEdge Advisors LLC increased its position in Data I/O by 45.4% during the second quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock worth $69,000 after purchasing an additional 7,000 shares during the last quarter. 36.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Zacks Research raised shares of Data I/O to a “hold” rating in a research note on Tuesday, November 4th. Singular Research raised shares of Data I/O to a “strong-buy” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Data I/O in a research report on Wednesday, January 21st. Westpark Capital restated a “buy” rating and set a $5.22 price objective on shares of Data I/O in a research report on Friday, October 31st. Finally, LADENBURG THALM/SH SH initiated coverage on Data I/O in a research note on Monday, February 2nd. They issued a “buy” rating and a $5.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $5.11.

Data I/O Company Profile

Data I/O Corporation is a provider of device programming solutions for semiconductor and microcontroller manufacturers, test houses, contract manufacturers and electronics design engineers. The company’s product portfolio includes universal and site-specific programmers, automated programming systems and software tools that enable high-volume production, development and field programming of non-volatile memories and microcontrollers. Data I/O’s solutions are designed to support a wide range of programmable devices, including Flash, EPROM, EEPROM, PLDs, FPGAs and automotive-grade microcontrollers.

The company’s flagship technologies include its high-speed FlashCORE III programming engines and the SB-OS-A automated handling system, which together streamline production workflows by providing scalable, multi-site programming capabilities.