Data I/O Corporation (NASDAQ:DAIO) Short Interest Update

Data I/O Corporation (NASDAQ:DAIO) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 7,404 shares, a growth of 157.4% from the June 30th total of 2,876 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 49,084 shares, the days-to-cover ratio is presently 0.2 days.

Data I/O Stock Down 1.9%

Shares of DAIO traded down $0.06 on Monday, reaching $3.06. The stock had a trading volume of 51,865 shares, compared to its average volume of 51,908. The firm has a market capitalization of $28.73 million, a PE ratio of -3.64 and a beta of 1.26. The firm has a 50-day moving average of $3.61 and a 200 day moving average of $3.08. Data I/O has a twelve month low of $2.16 and a twelve month high of $4.49.

Data I/O (NASDAQ:DAIO) last posted its earnings results on Friday, May 15th. The electronics maker reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.18). The firm had revenue of $3.25 million for the quarter, compared to analysts’ expectations of $4.00 million. Data I/O had a negative return on equity of 54.33% and a negative net margin of 41.85%. On average, sell-side analysts anticipate that Data I/O will post -0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Data I/O in a report on Friday, July 17th. LADENBURG THALM/SH SH raised Data I/O to a “strong-buy” rating in a report on Friday. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.11.

Hedge Funds Weigh In On Data I/O

Several hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its position in Data I/O by 45.4% during the second 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 during the last quarter. Kovack Advisors Inc. grew its position 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 $871,000 after purchasing an additional 5,675 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Data I/O by 24.5% in the fourth 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. Finally, DRW Securities LLC acquired a new stake in shares of Data I/O in the fourth quarter valued at approximately $37,000. 36.95% of the stock is currently owned by hedge funds and other institutional investors.

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.