Data I/O Corporation (NASDAQ:DAIO) Sees Large Decline in Short Interest

by · The Markets Daily

Data I/O Corporation (NASDAQ:DAIO – Get Free Report) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 3,449 shares, a decline of 73.7% from the August 15th total of 13,129 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 34,409 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. LADENBURG THALM/SH SH upgraded shares of Data I/O to a “strong-buy” rating in a research note on Friday, July 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Data I/O in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $5.11.

Check Out Our Latest Report on DAIO

Data I/O Price Performance

Shares of DAIO stock traded up $0.06 on Friday, reaching $2.77. 4,983 shares of the company were exchanged, compared to its average volume of 27,460. The company has a 50-day moving average of $3.07 and a 200-day moving average of $3.04. The company has a market cap of $26.01 million, a price-to-earnings ratio of -2.98 and a beta of 1.32. Data I/O has a one year low of $2.16 and a one year high of $4.49.

Data I/O (NASDAQ:DAIO – Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The electronics maker reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.07). Data I/O had a negative return on equity of 66.83% and a negative net margin of 48.73%.The firm had revenue of $5.15 million for the quarter. As a group, sell-side analysts predict that Data I/O will post -0.3 EPS for the current year.

Hedge Funds Weigh In On Data I/O

Institutional investors and hedge funds have recently bought and sold shares of the company. Kovack Advisors Inc. increased its position in Data I/O by 2.2% during the 4th 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 period. 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 purchasing an additional 7,000 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake 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 worth $138,000 after acquiring an additional 8,555 shares during the last quarter. DRW Securities LLC purchased a new stake in Data I/O during the 4th quarter valued at about $37,000. Finally, BlackRock Inc. purchased a new stake in shares of Data I/O during the second quarter valued at approximately $67,000. 36.95% of the stock is owned by institutional investors.

About Data I/O

(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.

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