Data I/O Corporation (NASDAQ:DAIO) Short Interest Up 69.6% in July

Data I/O Corporation (NASDAQ:DAIOGet Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 12,554 shares, a growth of 69.6% from the July 15th total of 7,404 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 42,245 shares, the days-to-cover ratio is presently 0.3 days.

Data I/O Price Performance

Shares of NASDAQ DAIO traded down $0.05 during trading on Monday, hitting $3.11. 34,324 shares of the company were exchanged, compared to its average volume of 51,714. Data I/O has a 1 year low of $2.16 and a 1 year high of $4.49. The company has a market cap of $29.20 million, a price-to-earnings ratio of -3.34 and a beta of 1.30. The firm’s fifty day moving average price is $3.44 and its 200 day moving average price is $3.06.

Data I/O (NASDAQ:DAIOGet Free Report) 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 net margin of 48.73% and a negative return on equity of 64.98%. The company had revenue of $5.15 million during the quarter. On average, research analysts forecast that Data I/O will post -0.35 earnings per share for the current year.

Analyst Ratings Changes

DAIO has been the topic of several analyst reports. LADENBURG THALM/SH SH raised shares of Data I/O to a “strong-buy” rating in a report on Friday, July 24th. Zacks Research upgraded shares of Data I/O from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Weiss Ratings reaffirmed 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 given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.11.

View Our Latest Stock Report on DAIO

Hedge Funds Weigh In On Data I/O

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kovack Advisors Inc. boosted its position in Data I/O by 2.2% during the fourth quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock worth $871,000 after purchasing an additional 5,675 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of Data I/O by 24.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock worth $138,000 after buying an additional 8,555 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of 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 buying an additional 7,000 shares in the last quarter. BlackRock Inc. acquired a new stake in Data I/O in the 2nd quarter valued at about $67,000. Finally, DRW Securities LLC acquired a new stake in Data I/O in the 4th quarter valued at about $37,000. 36.95% of the stock is owned by institutional investors and hedge funds.

Data I/O Company Profile

(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.

Further Reading

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