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

Data I/O Corporation (NASDAQ:DAIO) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 7,404 shares, a growth 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 presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Data I/O

Several large investors have recently added to or reduced their stakes in the stock. DRW Securities LLC bought a new stake in Data I/O in the fourth quarter valued at $37,000. NewEdge Advisors LLC grew its position in shares of Data I/O by 45.4% during the second quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock worth $69,000 after acquiring an additional 7,000 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Data I/O by 24.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock worth $138,000 after acquiring an additional 8,555 shares during the last quarter. Finally, Kovack Advisors Inc. increased its holdings in shares of Data I/O by 2.2% in the 4th quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock worth $852,000 after acquiring an additional 5,675 shares during the period. 36.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DAIO. Zacks Research upgraded Data I/O from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. LADENBURG THALM/SH SH upgraded Data I/O to a “strong-buy” rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Data I/O in a report on Friday, July 17th. Two research 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.11.

Data I/O Trading Down 2.1%

NASDAQ DAIO traded down $0.06 during trading hours on Tuesday, reaching $3.00. The company’s stock had a trading volume of 40,689 shares, compared to its average volume of 51,827. The business has a 50-day simple moving average of $3.61 and a 200 day simple moving average of $3.08. Data I/O has a 52 week low of $2.16 and a 52 week high of $4.49. The stock has a market cap of $28.13 million, a PE ratio of -3.57 and a beta of 1.26.

Data I/O (NASDAQ:DAIO) last posted 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). The company had revenue of $3.25 million for the quarter, compared to the consensus estimate of $4.00 million. Data I/O had a negative net margin of 41.85% and a negative return on equity of 54.33%. As a group, equities analysts predict that Data I/O will post -0.4 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.