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

Data I/O Co. (NASDAQ:DAIO) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 27,800 shares, a growth of 72.7% from the May 31st total of 16,100 shares. Based on an average trading volume of 19,500 shares, the short-interest ratio is currently 1.4 days. Approximately 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On Data I/O

A hedge fund recently bought a new stake in Data I/O stock. Salem Investment Counselors Inc. bought a new stake in shares of Data I/O Co. (NASDAQ:DAIO) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,796 shares of the electronics maker’s stock, valued at approximately $56,000. Salem Investment Counselors Inc. owned approximately 0.18% of Data I/O as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 36.95% of the company’s stock.

Analysts Set New Price Targets

Separately, Singular Research restated a “buy” rating on shares of Data I/O in a research report on Tuesday, April 30th.

Data I/O Price Performance

Shares of DAIO stock traded down $0.06 on Friday, hitting $2.76. 46,148 shares of the stock traded hands, compared to its average volume of 20,608. The firm has a market cap of $24.92 million, a price-to-earnings ratio of -55.19 and a beta of 1.01. Data I/O has a 52 week low of $2.64 and a 52 week high of $4.80. The firm has a 50 day simple moving average of $2.94 and a two-hundred day simple moving average of $3.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.14 and a quick ratio of 3.04.

Data I/O (NASDAQ:DAIO) last announced its quarterly earnings data on Thursday, April 25th. The electronics maker reported ($0.09) EPS for the quarter. The firm had revenue of $6.10 million for the quarter. Data I/O had a negative net margin of 1.54% and a negative return on equity of 2.11%. As a group, equities research analysts predict that Data I/O will post 0.06 earnings per share for the current fiscal year.

About Data I/O

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.