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

Data I/O Corporation (NASDAQ:DAIO) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 6,731 shares, a growth of 95.2% from the August 31st total of 3,449 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 19,469 shares, the days-to-cover ratio is presently 0.3 days.

Data I/O Stock Down 1.3%

Shares of NASDAQ DAIO opened at $2.93 on Thursday. The firm’s 50-day moving average price is $2.92 and its 200-day moving average price is $3.05. Data I/O has a 52-week low of $2.16 and a 52-week high of $4.49. The company has a market cap of $27.51 million, a PE ratio of -3.15 and a beta of 1.32.

Data I/O (NASDAQ:DAIO) last released its quarterly earnings data on Wednesday, August 12th. The electronics maker reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.07). Data I/O had a negative net margin of 48.73% and a negative return on equity of 66.83%. The company had revenue of $5.15 million for the quarter. As a group, equities research analysts anticipate that Data I/O will post -0.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on DAIO. LADENBURG THALM/SH SH raised Data I/O to a “strong-buy” rating in a research note on Friday, July 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Data I/O in a research report on Friday, July 17th. Two investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.11.

Institutional Investors Weigh In On Data I/O

An institutional investor recently bought a new position in Data I/O stock. BlackRock Inc. purchased a new position in Data I/O Corporation (NASDAQ:DAIO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 17,015 shares of the electronics maker’s stock, valued at approximately $67,000. BlackRock Inc. owned about 0.18% of Data I/O at the end of the most recent reporting period. 36.95% of the stock is owned by institutional investors.

About Data I/O

Data I/O Corporation (NASDAQ:DAIO) develops and supplies automated programming and data-management solutions used to configure electronic components during manufacturing. Its systems transfer software, firmware, security credentials and other data to semiconductors and electronic control units before they are assembled into finished products.

The company’s product portfolio includes automated device-programming platforms, production software and related support services. Its solutions are designed for applications involving microcontrollers, flash memory and other programmable devices, with an emphasis on high-volume manufacturing, traceability, data security and process automation.

Founded in 1972, Data I/O serves electronics manufacturers and contract manufacturers in markets including automotive, industrial, consumer electronics and communications.