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

Data I/O Corporation (NASDAQ:DAIO) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 2,876 shares, a drop of 62.8% from the June 15th total of 7,721 shares. Based on an average daily volume of 69,189 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DAIO. Penbrook Management LLC raised its holdings in shares of Data I/O by 1.2% during the fourth quarter. Penbrook Management LLC now owns 356,850 shares of the electronics maker’s stock valued at $1,131,000 after acquiring an additional 4,100 shares during the period. Kovack Advisors Inc. grew its position in Data I/O by 2.2% during the 4th 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 in the last quarter. NewEdge Advisors LLC grew its position in Data I/O by 45.4% during 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. Steward Partners Investment Advisory LLC raised its stake in Data I/O by 24.5% during the 4th 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 period. Finally, DRW Securities LLC purchased a new stake in shares of Data I/O in the fourth quarter valued at $37,000. 36.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DAIO has been the subject of several research analyst reports. LADENBURG THALM/SH SH upgraded Data I/O to a “strong-buy” rating in a report on Wednesday, May 6th. Zacks Research upgraded shares of Data I/O from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Data I/O in a report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $5.11.

Data I/O Price Performance

Shares of DAIO traded up $0.09 during trading hours on Tuesday, hitting $3.43. 22,324 shares of the company were exchanged, compared to its average volume of 52,986. The company has a market capitalization of $32.21 million, a PE ratio of -4.08 and a beta of 1.26. The firm has a fifty day simple moving average of $3.54 and a 200-day simple moving average of $3.08. Data I/O has a one year low of $2.16 and a one year high of $4.49.

Data I/O (NASDAQ:DAIO) last announced its earnings results on Friday, May 15th. The electronics maker reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.18). Data I/O had a negative net margin of 41.85% and a negative return on equity of 54.33%. The company had revenue of $3.25 million for the quarter, compared to analysts’ expectations of $4.00 million. Sell-side analysts expect that Data I/O will post -0.35 EPS for the current year.

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.