Data I/O Corporation (NASDAQ:DAIO) Short Interest Down 75.5% in June

Data I/O Corporation (NASDAQ:DAIO – Get Free Report) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 7,721 shares, a decrease of 75.5% from the May 31st total of 31,567 shares. Based on an average daily volume of 91,085 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Analyst Ratings Changes

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

Get Data I/O alerts:

View Our Latest Research Report on DAIO

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. DRW Securities LLC bought a new stake in Data I/O during the 4th quarter valued at about $37,000. NewEdge Advisors LLC grew its stake in Data I/O by 45.4% in the 2nd 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. Steward Partners Investment Advisory LLC increased its position in shares of Data I/O by 24.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock worth $138,000 after acquiring an additional 8,555 shares during the period. Kovack Advisors Inc. boosted its holdings in shares of Data I/O by 2.2% in the fourth quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock valued at $852,000 after purchasing an additional 5,675 shares during the period. Finally, Penbrook Management LLC boosted its holdings 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 valued at $1,131,000 after purchasing an additional 4,100 shares during the period. Hedge funds and other institutional investors own 36.95% of the company’s stock.

Data I/O Stock Performance

Shares of NASDAQ DAIO opened at $3.76 on Friday. Data I/O has a fifty-two week low of $2.16 and a fifty-two week high of $4.49. The company has a market cap of $35.31 million, a price-to-earnings ratio of -4.48 and a beta of 1.27. The business’s 50 day moving average price is $3.30 and its 200-day moving average price is $3.03.

Data I/O (NASDAQ:DAIO – Get Free Report) last announced its quarterly earnings data 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 net margin of 41.85% and a negative return on equity of 54.33%. The business had revenue of $3.25 million during the quarter, compared to the consensus estimate of $4.00 million. Sell-side analysts predict that Data I/O will post -0.35 earnings per share for the current year.

About Data I/O

(Get Free Report)

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.

Read More

• Five stocks we like better than Data I/O
• Rocket Lab’s NASA Win Tests Key Support After Sharp Pullback
• AST SpaceMobile Just Nailed a Major Launch—So Why Is the Stock Crashing?
• Palantir’s Valuation Problem Just Met 2 New Growth Catalysts
• Xcel Energy Stock Offers Stability as Electricity Demand Builds

Receive News & Ratings for Data I/O Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Data I/O and related companies with MarketBeat.com's FREE daily email newsletter.