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

Data I/O Corporation (NASDAQ:DAIO) was the recipient of a significant increase in short interest in August. As of August 15th, there was short interest totaling 39,900 shares, anincreaseof55.9% from the July 31st total of 25,600 shares. Based on an average trading volume of 41,400 shares, the days-to-cover ratio is presently 1.0 days. Approximately0.5% of the shares of the stock are short sold. Approximately0.5% of the shares of the stock are short sold. Based on an average trading volume of 41,400 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of Data I/O

Institutional investors have recently made changes to their positions in the stock. Penbrook Management LLC increased its stake in Data I/O by 29.8% in the 2nd quarter. Penbrook Management LLC now owns 349,750 shares of the electronics maker’s stock valued at $1,084,000 after buying an additional 80,300 shares during the period. Essex Investment Management Co. LLC grew its holdings in shares of Data I/O by 11.8% during the 1st quarter. Essex Investment Management Co. LLC now owns 43,691 shares of the electronics maker’s stock valued at $107,000 after acquiring an additional 4,628 shares in the last quarter. James Investment Research Inc. increased its stake in shares of Data I/O by 45.4% in the second quarter. James Investment Research Inc. 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. NewEdge Advisors LLC raised its holdings 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 in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Data I/O during the second quarter valued at $65,000. 36.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Westpark Capital reaffirmed a “buy” rating and issued a $5.22 price objective on shares of Data I/O in a research note on Friday, July 25th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $5.22.

Data I/O Price Performance

Data I/O stock traded up $0.08 during midday trading on Tuesday, reaching $3.28. The stock had a trading volume of 28,170 shares, compared to its average volume of 31,418. Data I/O has a twelve month low of $1.88 and a twelve month high of $3.48. The firm has a market cap of $30.79 million, a price-to-earnings ratio of -11.71 and a beta of 1.04. The firm’s fifty day simple moving average is $3.20 and its two-hundred day simple moving average is $2.76.

Data I/O (NASDAQ:DAIO) last released its earnings results on Thursday, July 24th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). Data I/O had a negative net margin of 11.49% and a negative return on equity of 14.60%. The business had revenue of $5.95 million during the quarter, compared to analysts’ expectations of $5.50 million.

About Data I/O

Data I/O Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of programming and security deployment systems and services for electronic device manufacturers in the United States, Europe, and internationally. Its programming system products are used to program integrated circuits (ICs) with the specific data for the ICs.