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

Data I/O Corporation (NASDAQ:DAIO) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 2,876 shares, a drop of 62.8% from the June 15th total of 7,721 shares. Based on an average daily trading volume, of 69,189 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Data I/O Stock Performance

Shares of NASDAQ DAIO opened at $3.52 on Monday. The company has a market capitalization of $33.05 million, a P/E ratio of -4.19 and a beta of 1.26. Data I/O has a 12 month low of $2.16 and a 12 month high of $4.49. The stock has a 50 day moving average of $3.53 and a 200-day moving average of $3.07.

Data I/O (NASDAQ:DAIO) last posted its quarterly earnings results on Friday, May 15th. The electronics maker reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.18). Data I/O had a negative net margin of 41.85% and a negative return on equity of 54.33%. The business had revenue of $3.25 million during the quarter, compared to the consensus estimate of $4.00 million. Analysts predict that Data I/O will post -0.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Data I/O

Large investors have recently modified their holdings of the stock. DRW Securities LLC bought a new stake in shares of Data I/O during the 4th quarter worth about $37,000. NewEdge Advisors LLC grew its stake 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 buying an additional 7,000 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in 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 valued at $138,000 after acquiring an additional 8,555 shares during the period. Kovack Advisors Inc. raised its holdings in Data I/O by 2.2% in the 4th quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock valued at $852,000 after acquiring an additional 5,675 shares during the period. Finally, Penbrook Management LLC lifted its position in Data I/O by 1.2% during the fourth quarter. Penbrook Management LLC now owns 356,850 shares of the electronics maker’s stock worth $1,131,000 after acquiring an additional 4,100 shares during the last quarter. 36.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on DAIO shares. Zacks Research raised shares of Data I/O from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. LADENBURG THALM/SH SH upgraded shares of Data I/O to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Data I/O in a report on Monday, April 20th. Two equities 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. Based on data from MarketBeat, Data I/O presently has an average rating of “Moderate Buy” and an average price target of $5.11.

About Data I/O

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.