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

Data I/O Corporation (NASDAQ:DAIO) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 9,695 shares, a drop of 46.8% from the December 31st total of 18,239 shares. Based on an average daily trading volume, of 18,995 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 18,995 shares, the days-to-cover ratio is presently 0.5 days.

Data I/O Trading Down 0.9%

Shares of DAIO stock traded down $0.03 on Friday, reaching $3.11. The company’s stock had a trading volume of 8,876 shares, compared to its average volume of 14,587. The company has a market capitalization of $29.21 million, a price-to-earnings ratio of -7.78 and a beta of 1.02. The stock’s fifty day simple moving average is $3.07 and its 200-day simple moving average is $3.12. Data I/O has a 1 year low of $1.88 and a 1 year high of $3.57.

Data I/O (NASDAQ:DAIO) last issued its quarterly earnings data on Monday, November 3rd. The electronics maker reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). The business had revenue of $5.39 million during the quarter, compared to analysts’ expectations of $5.60 million. Data I/O had a negative return on equity of 21.44% and a negative net margin of 16.16%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DAIO shares. Westpark Capital reissued a “buy” rating and issued a $5.22 target price on shares of Data I/O in a report on Friday, October 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Data I/O in a research report on Wednesday, January 21st. Singular Research raised shares of Data I/O to a “strong-buy” rating in a report on Friday, October 31st. Finally, Zacks Research raised Data I/O to a “hold” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.22.

Hedge Funds Weigh In On Data I/O

Large investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC bought a new stake in Data I/O in the second quarter worth $65,000. NewEdge Advisors LLC raised its stake in shares of Data I/O by 45.4% in the second quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after acquiring an additional 7,000 shares during the period. James Investment Research Inc. boosted its stake in shares of Data I/O by 45.4% during 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. Finally, Penbrook Management LLC grew its holdings in Data I/O by 29.8% during the 2nd quarter. Penbrook Management LLC now owns 349,750 shares of the electronics maker’s stock valued at $1,084,000 after purchasing an additional 80,300 shares during the last quarter. Institutional investors own 36.95% of the company’s stock.

Data I/O Company Profile

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.