Short Interest in Data I/O Co. (NASDAQ:DAIO) Expands By 63.0%

Data I/O Co. (NASDAQ:DAIO) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 7,500 shares, an increase of 63.0% from the April 15th total of 4,600 shares. Based on an average daily volume of 18,200 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Singular Research reissued a “buy” rating on shares of Data I/O in a research report on Tuesday, April 30th.

Data I/O Price Performance

Data I/O stock opened at $2.91 on Friday. Data I/O has a one year low of $2.78 and a one year high of $4.80. The stock’s 50 day moving average price is $3.42 and its 200 day moving average price is $3.21.

Data I/O (NASDAQ:DAIO) last posted its earnings results on Thursday, February 22nd. The electronics maker reported $0.02 EPS for the quarter. Data I/O had a negative net margin of 1.54% and a negative return on equity of 2.10%. The business had revenue of $6.87 million for the quarter. As a group, research analysts predict that Data I/O will post 0.06 earnings per share for the current year.

Institutional Trading of Data I/O

Several large investors have recently modified their holdings of the business. Bank of New York Mellon Corp purchased a new position in Data I/O in the third quarter valued at about $463,000. Essex Investment Management Co. LLC raised its position in shares of Data I/O by 28.2% in the 1st quarter. Essex Investment Management Co. LLC now owns 81,990 shares of the electronics maker’s stock valued at $289,000 after purchasing an additional 18,053 shares in the last quarter. Finally, Salem Investment Counselors Inc. purchased a new position in shares of Data I/O during the 1st quarter valued at approximately $56,000. 36.95% of the stock is currently owned by institutional investors and hedge funds.

About Data I/O

Data I/O Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of programming and security deployment systems and services for electronic device manufacturers in the United States, Europe, and internationally. Its programming system products are used to program integrated circuits (ICs) with the specific data necessary for the ICs.