Short Interest in Data I/O Corporation (NASDAQ:DAIO) Drops By 62.8%

Data I/O Corporation (NASDAQ:DAIO) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 2,876 shares, a drop of 62.8% from the June 15th total of 7,721 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 69,189 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Data I/O

A number of hedge funds have recently added to or reduced their stakes in the stock. Kovack Advisors Inc. raised its holdings in Data I/O by 2.2% in the 4th quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock valued at $852,000 after acquiring an additional 5,675 shares in the last quarter. DRW Securities LLC acquired a new stake in shares of Data I/O during the 4th quarter worth $37,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Data I/O by 24.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock worth $138,000 after purchasing an additional 8,555 shares in the last quarter. Penbrook Management LLC increased its position in shares of Data I/O by 1.2% in the fourth quarter. Penbrook Management LLC now owns 356,850 shares of the electronics maker’s stock worth $1,131,000 after purchasing an additional 4,100 shares during the period. Finally, NewEdge Advisors LLC increased its position 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 worth $69,000 after purchasing an additional 7,000 shares during the period. Institutional investors own 36.95% of the company’s stock.

Wall Street Analyst Weigh In

DAIO has been the subject of several recent research reports. Zacks Research upgraded Data I/O from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. LADENBURG THALM/SH SH upgraded Data I/O to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Data I/O in a report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5.11.

Data I/O Price Performance

NASDAQ DAIO opened at $3.52 on Monday. The firm has a 50-day moving average price of $3.53 and a two-hundred day moving average price of $3.07. Data I/O has a 12-month low of $2.16 and a 12-month high of $4.49. The company has a market capitalization of $33.05 million, a P/E ratio of -4.19 and a beta of 1.26.

Data I/O (NASDAQ:DAIO) last announced its earnings results on Friday, May 15th. The electronics maker reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.18). Data I/O had a negative return on equity of 54.33% and a negative net margin of 41.85%.The business had revenue of $3.25 million for the quarter, compared to the consensus estimate of $4.00 million. Equities analysts expect that Data I/O will post -0.35 EPS for the current year.

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.