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

Data I/O Corporation (NASDAQ:DAIO) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 12,554 shares, an increase of 69.6% from the July 15th total of 7,404 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 42,245 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DAIO. LADENBURG THALM/SH SH upgraded Data I/O to a “strong-buy” rating in a research report on Friday, July 24th. Zacks Research upgraded Data I/O from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Data I/O in a report on Friday, July 17th. 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5.11.

Institutional Investors Weigh In On Data I/O

Hedge funds and other institutional investors have recently modified their holdings of the business. DRW Securities LLC bought a new stake in shares of Data I/O during the 4th quarter worth approximately $37,000. BlackRock Inc. bought a new position in Data I/O in the 2nd quarter valued at $67,000. NewEdge Advisors LLC grew 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 during the last quarter. Steward Partners Investment Advisory LLC increased its stake in 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 worth $138,000 after purchasing an additional 8,555 shares during the period. Finally, Kovack Advisors Inc. increased its stake in 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 purchasing an additional 5,675 shares during the period. 36.95% of the stock is currently owned by hedge funds and other institutional investors.

Data I/O Price Performance

Shares of DAIO traded down $0.09 during midday trading on Tuesday, hitting $3.02. The stock had a trading volume of 124,731 shares, compared to its average volume of 52,090. The stock’s 50 day moving average is $3.43 and its 200 day moving average is $3.06. The firm has a market cap of $28.40 million, a PE ratio of -3.25 and a beta of 1.30. Data I/O has a 1 year low of $2.16 and a 1 year high of $4.49.

Data I/O (NASDAQ:DAIO) last issued its quarterly earnings results on Wednesday, August 12th. The electronics maker reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.07). The firm had revenue of $5.15 million for the quarter. Data I/O had a negative net margin of 48.73% and a negative return on equity of 64.98%. As a group, equities research analysts expect that Data I/O will post -0.35 earnings per share for the current fiscal year.

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.