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

Data I/O Corporation (NASDAQ:DAIO) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 3,449 shares, a decline of 73.7% from the August 15th total of 13,129 shares. Based on an average trading volume of 34,409 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On Data I/O

Large investors have recently bought and sold shares of the stock. DRW Securities LLC acquired a new stake in Data I/O in the fourth quarter valued at approximately $37,000. BlackRock Inc. acquired a new position in shares of Data I/O during the second quarter worth $67,000. NewEdge Advisors LLC increased its holdings in 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 buying an additional 7,000 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Data I/O by 24.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock valued at $138,000 after buying an additional 8,555 shares during the last quarter. Finally, Susquehanna International Group LLP raised its stake in Data I/O by 80.9% in the second quarter. Susquehanna International Group LLP now owns 48,548 shares of the electronics maker’s stock valued at $191,000 after buying an additional 21,711 shares in the last quarter. Hedge funds and other institutional investors own 36.95% of the company’s stock.

Data I/O Stock Up 2.2%

NASDAQ:DAIO traded up $0.06 on Friday, reaching $2.77. 4,983 shares of the company’s stock were exchanged, compared to its average volume of 27,460. The firm has a market capitalization of $26.02 million, a price-to-earnings ratio of -2.98 and a beta of 1.32. Data I/O has a 52-week low of $2.16 and a 52-week high of $4.49. The business has a fifty day moving average of $3.07 and a 200-day moving average of $3.04.

Data I/O (NASDAQ:DAIO) last posted its quarterly earnings data on Wednesday, August 12th. The electronics maker reported ($0.17) EPS 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 business had revenue of $5.15 million during the quarter. As a group, equities analysts anticipate that Data I/O will post -0.3 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DAIO shares. LADENBURG THALM/SH SH upgraded shares of Data I/O to a “strong-buy” rating in a research report on Friday, July 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Data I/O in a research note on Friday, July 17th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, Data I/O presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.11.

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.