Data I/O Corporation (NASDAQ:DAIO) Sees Significant Drop in Short Interest

Data I/O Corporation (NASDAQ:DAIO) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 35,000 shares, a drop of 29.4% from the September 30th total of 49,600 shares. Based on an average daily volume of 38,800 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 38,800 shares, the short-interest ratio is currently 0.9 days.

Data I/O Stock Performance

Shares of NASDAQ:DAIO opened at $3.01 on Wednesday. The company has a market capitalization of $28.26 million, a price-to-earnings ratio of -10.75 and a beta of 1.05. Data I/O has a 12 month low of $1.88 and a 12 month high of $3.57. The firm’s 50-day moving average is $3.20 and its 200 day moving average is $2.99.

Data I/O (NASDAQ:DAIO) last posted its quarterly earnings data on Thursday, October 30th. The electronics maker reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). Data I/O had a negative return on equity of 14.60% and a negative net margin of 11.49%.The firm had revenue of $5.39 million during the quarter, compared to analysts’ expectations of $5.60 million.

Analyst Ratings Changes

DAIO has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Data I/O in a research note on Wednesday, October 8th. Westpark Capital reaffirmed a “buy” rating and set a $5.22 target price on shares of Data I/O in a research note on Friday, October 31st. Finally, Singular Research raised shares of Data I/O to a “strong-buy” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Data I/O currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.22.

Institutional Trading of Data I/O

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC raised its position in Data I/O by 11.8% in the 1st quarter. Essex Investment Management Co. LLC now owns 43,691 shares of the electronics maker’s stock worth $107,000 after purchasing an additional 4,628 shares during the period. James Investment Research Inc. raised its position in Data I/O by 45.4% in the 2nd 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 period. NewEdge Advisors LLC raised its position in 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 during the period. Steward Partners Investment Advisory LLC purchased a new stake in Data I/O in the 2nd quarter worth about $65,000. Finally, Penbrook Management LLC raised its position in Data I/O by 29.8% in the 2nd quarter. Penbrook Management LLC now owns 349,750 shares of the electronics maker’s stock worth $1,084,000 after purchasing an additional 80,300 shares during the period. 36.95% of the stock is owned by hedge funds and other institutional investors.

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.