Short Interest in Data I/O Corporation (NASDAQ:DAIO) Expands By 34.9%

Data I/O Corporation (NASDAQ:DAIO) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 18,239 shares, a growth of 34.9% from the December 15th total of 13,517 shares. Based on an average daily volume of 35,379 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 35,379 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Data I/O

Several institutional investors and hedge funds have recently made changes to their positions in DAIO. Steward Partners Investment Advisory LLC bought a new position in Data I/O in the 2nd quarter valued at approximately $65,000. NewEdge Advisors LLC increased its holdings in shares of Data I/O by 45.4% in the 2nd 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 in the last quarter. James Investment Research Inc. raised its stake in shares of Data I/O by 45.4% in the second quarter. James Investment Research Inc. 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. Finally, Penbrook Management LLC lifted its holdings in shares of Data I/O by 29.8% during the second quarter. Penbrook Management LLC now owns 349,750 shares of the electronics maker’s stock valued at $1,084,000 after purchasing an additional 80,300 shares in the last quarter. Institutional investors own 36.95% of the company’s stock.

Data I/O Trading Down 1.2%

Data I/O stock traded down $0.04 during mid-day trading on Friday, hitting $3.26. The company had a trading volume of 6,254 shares, compared to its average volume of 21,096. Data I/O has a 12 month low of $1.88 and a 12 month high of $3.57. The company has a market capitalization of $30.61 million, a PE ratio of -8.15 and a beta of 1.02. The stock’s 50 day moving average price is $2.98 and its two-hundred day moving average price is $3.12.

Data I/O (NASDAQ:DAIO) last issued its quarterly earnings results on Monday, November 3rd. The electronics maker reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.05). The company had revenue of $5.39 million for the quarter, compared to the consensus estimate of $5.60 million. Data I/O had a negative net margin of 16.16% and a negative return on equity of 21.44%.

Wall Street Analyst Weigh In

DAIO has been the topic of several research analyst reports. Westpark Capital reiterated a “buy” rating and set a $5.22 price target on shares of Data I/O in a research report on Friday, October 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Data I/O in a report on Wednesday, October 8th. Singular Research upgraded Data I/O to a “strong-buy” rating in a research note on Friday, October 31st. Finally, Zacks Research upgraded Data I/O to a “hold” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Data I/O currently has an average rating of “Moderate Buy” and an average price target of $5.22.

About Data I/O

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.