Data I/O Corporation (NASDAQ:DAIO) Short Interest Down 73.7% in August

Data I/O Corporation (NASDAQ:DAIOGet Free Report) was the target of a large decline in short interest in 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. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 34,409 shares, the days-to-cover ratio is currently 0.1 days.

Data I/O Stock Up 0.6%

Shares of DAIO stock traded up $0.02 during trading hours on Monday, hitting $2.79. 31,746 shares of the company’s stock traded hands, compared to its average volume of 49,139. The stock’s fifty day simple moving average is $3.07 and its two-hundred day simple moving average is $3.04. Data I/O has a 12-month low of $2.16 and a 12-month high of $4.49. The stock has a market cap of $26.17 million, a price-to-earnings ratio of -2.98 and a beta of 1.32.

Data I/O (NASDAQ:DAIOGet Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The electronics maker reported ($0.17) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $5.15 million during the quarter. On average, equities analysts forecast that Data I/O will post -0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DAIO has been the subject of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Data I/O in a research report on Friday, July 17th. LADENBURG THALM/SH SH upgraded Data I/O to a “strong-buy” rating in a research report on Friday, July 24th. Two research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.11.

Check Out Our Latest Analysis on DAIO

Hedge Funds Weigh In On Data I/O

Several institutional investors and hedge funds have recently modified their holdings of the stock. Kovack Advisors Inc. lifted its stake 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 worth $852,000 after buying an additional 5,675 shares in the last quarter. Susquehanna International Group LLP raised its holdings in Data I/O by 80.9% in the 2nd quarter. Susquehanna International Group LLP now owns 48,548 shares of the electronics maker’s stock worth $191,000 after acquiring an additional 21,711 shares during the last quarter. DRW Securities LLC bought a new position in Data I/O in the 4th quarter valued at approximately $37,000. NewEdge Advisors LLC lifted its position 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 valued at $69,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in 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 valued at $138,000 after purchasing an additional 8,555 shares during the last quarter. 36.95% of the stock is currently owned by institutional investors.

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.

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