Data I/O Corporation (NASDAQ:DAIO) Short Interest Update

Data I/O Corporation (NASDAQ:DAIO) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 7,404 shares, an increase of 157.4% from the June 30th total of 2,876 shares. Based on an average daily trading volume, of 49,084 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

DAIO has been the subject of several recent research reports. Zacks Research raised Data I/O from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Data I/O in a research report on Friday, July 17th. Finally, LADENBURG THALM/SH SH raised Data I/O to a “strong-buy” rating in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.11.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Kovack Advisors Inc. boosted its holdings in shares of Data I/O by 2.2% during the fourth quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock worth $871,000 after purchasing an additional 5,675 shares during the last quarter. NewEdge Advisors LLC increased its stake in Data I/O by 45.4% in the second quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after purchasing an additional 7,000 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Data I/O by 24.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock valued at $138,000 after purchasing an additional 8,555 shares during the last quarter. Finally, DRW Securities LLC purchased a new position in Data I/O during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 36.95% of the company’s stock.

Data I/O Stock Down 1.9%

Shares of NASDAQ:DAIO traded down $0.06 during trading on Monday, reaching $3.06. The stock had a trading volume of 51,865 shares, compared to its average volume of 51,908. The business has a fifty day moving average price of $3.61 and a 200-day moving average price of $3.08. The stock has a market cap of $28.73 million, a P/E ratio of -3.64 and a beta of 1.26. Data I/O has a fifty-two week low of $2.16 and a fifty-two week high of $4.49.

Data I/O (NASDAQ:DAIO) last announced its earnings results on Friday, May 15th. The electronics maker reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.18). Data I/O had a negative return on equity of 54.33% and a negative net margin of 41.85%.The firm had revenue of $3.25 million for the quarter, compared to analyst estimates of $4.00 million. As a group, equities analysts forecast that Data I/O will post -0.4 EPS for the current year.

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.