Data I/O Corporation (NASDAQ:DAIO) Stock Short Interest Report for October

Data I/O Corporation (NASDAQ:DAIO) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 7,033 shares, a decrease of 55.1% from the September 30th total of 15,678 shares. Based on an average trading volume of 23,986 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Analyst Ratings Changes

Several research firms recently commented on DAIO. Weiss Ratings reiterated a “sell (d-)” rating on shares of Data I/O in a research note on Thursday, October 15th. LADENBURG THALM/SH SH raised Data I/O to a “strong-buy” rating in a research report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Data I/O has a consensus rating of “Moderate Buy” and an average price target of $5.11.

Data I/O Stock Performance

NASDAQ:DAIO traded down $0.06 on Friday, hitting $2.36. The stock had a trading volume of 12,949 shares, compared to its average volume of 45,473. The stock has a market cap of $24.54 million, a P/E ratio of -2.54 and a beta of 1.43. Data I/O has a 1 year low of $2.16 and a 1 year high of $4.49. The firm’s fifty day simple moving average is $2.79 and its two-hundred day simple moving average is $3.00.

Data I/O (NASDAQ:DAIO) last posted its earnings results on Wednesday, August 12th. The electronics maker reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.07). The firm had revenue of $5.15 million during the quarter. Data I/O had a negative return on equity of 66.83% and a negative net margin of 48.73%. Equities research analysts predict that Data I/O will post -0.30 EPS for the current year.

Insider Transactions at Data I/O

In other Data I/O news, major shareholder Red Oak Partners, Llc acquired 373,133 shares of the stock in a transaction on Tuesday, October 20th. The stock was purchased at an average price of $2.68 per share, for a total transaction of $999,996.44. Following the purchase, the insider directly owned 242,934 shares in the company, valued at $651,063.12. This trade represents a -286.59% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Data I/O

An institutional investor recently raised its stake in Data I/O stock. Susquehanna International Group LLP lifted its stake in Data I/O Corporation (NASDAQ:DAIO) by 80.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 48,548 shares of the electronics maker’s stock after purchasing an additional 21,711 shares during the quarter. Susquehanna International Group LLP owned about 0.52% of Data I/O worth $191,000 as of its most recent SEC filing. 36.95% of the stock is owned by hedge funds and other institutional investors.

Data I/O Company Profile

Data I/O Corporation (NASDAQ:DAIO) develops and supplies automated programming and security-provisioning systems for electronic devices. Its equipment is used to load software, firmware and other data into semiconductor devices such as flash memory, microcontrollers and programmable logic devices during electronics manufacturing.

The company’s product portfolio includes automated device-programming systems, programming engines, software and related accessories. Its offerings are designed to support high-volume production, improve programming accuracy and help manufacturers manage device security, including the provisioning of keys and other credentials used in connected and embedded products.

Data I/O serves manufacturers and contract manufacturers in industries including automotive electronics, consumer electronics, industrial equipment, telecommunications and other embedded-technology markets.