Data I/O Co. (NASDAQ:DAIO) Sees Large Increase in Short Interest

Data I/O Co. (NASDAQ:DAIO) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 11,200 shares, an increase of 180.0% from the March 15th total of 4,000 shares. Based on an average trading volume of 20,500 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Trading of Data I/O

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew its position in shares of Data I/O by 0.7% in the fourth quarter. Renaissance Technologies LLC now owns 503,643 shares of the electronics maker’s stock valued at $1,395,000 after purchasing an additional 3,654 shares in the last quarter. Geode Capital Management LLC increased its position in Data I/O by 30.9% during the 3rd quarter. Geode Capital Management LLC now owns 96,512 shares of the electronics maker’s stock valued at $248,000 after buying an additional 22,804 shares in the last quarter. Essex Investment Management Co. LLC increased its position in shares of Data I/O by 37.6% during the fourth quarter. Essex Investment Management Co. LLC now owns 39,063 shares of the electronics maker’s stock valued at $108,000 after acquiring an additional 10,679 shares in the last quarter. Finally, Legato Capital Management LLC bought a new stake in Data I/O in the 4th quarter worth approximately $30,000. 36.95% of the stock is currently owned by institutional investors and hedge funds.

Data I/O Stock Down 2.0 %

Shares of DAIO stock traded down $0.04 on Tuesday, reaching $2.01. The stock had a trading volume of 24,701 shares, compared to its average volume of 23,057. Data I/O has a 12 month low of $1.95 and a 12 month high of $3.71. The firm’s 50-day moving average is $2.60 and its two-hundred day moving average is $2.67. The firm has a market capitalization of $18.57 million, a price-to-earnings ratio of -10.58 and a beta of 0.84.

Data I/O Company Profile

Data I/O Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of programming and security deployment systems and services for electronic device manufacturers in the United States, Europe, and internationally. Its programming system products are used to program integrated circuits (ICs) with the specific data for the ICs.