Data I/O Corporation (NASDAQ:DAIO) Shares Shorted: Short Interest Up 132.9% in September

Data I/O Corporation (NASDAQ:DAIO) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 15,678 shares, an increase of 132.9% from the September 15th total of 6,731 shares. Based on an average daily volume of 23,409 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DAIO shares. LADENBURG THALM/SH SH upgraded 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 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 assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5.11.

Data I/O Stock Performance

Shares of DAIO traded down $0.12 during trading hours on Wednesday, reaching $2.72. The stock had a trading volume of 31,748 shares, compared to its average volume of 46,182. Data I/O has a 12 month low of $2.16 and a 12 month high of $4.49. The stock has a market capitalization of $25.54 million, a PE ratio of -2.92 and a beta of 1.43. The company’s 50-day moving average is $2.90 and its two-hundred day moving average is $3.07.

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

Hedge Funds Weigh In On Data I/O

A hedge fund recently raised its stake in Data I/O stock. Susquehanna International Group LLP raised its holdings in Data I/O Corporation (NASDAQ:DAIO) by 80.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,548 shares of the electronics maker’s stock after buying an additional 21,711 shares during the quarter. Susquehanna International Group LLP owned 0.52% of Data I/O worth $191,000 as of its most recent SEC filing. Institutional investors own 36.95% of the company’s stock.

Data I/O Company Profile

Data I/O Corporation (NASDAQ: DAIO) develops and supplies automated programming, data-management and security-provisioning solutions for electronic devices. Its systems are used to load software, firmware and configuration data into semiconductors and electronic control units during manufacturing.

The company’s product portfolio includes automated programming platforms, device-handling equipment, programming software and related data-security tools. Its solutions are designed to support high-volume production while helping manufacturers manage device data, protect intellectual property and improve traceability throughout the manufacturing process.

Data I/O primarily serves automotive electronics manufacturers and suppliers, as well as customers in industrial, consumer, medical and other technology markets.