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

Data I/O Corporation (NASDAQ:DAIO) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 13,517 shares, a drop of 25.5% from the November 30th total of 18,139 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 22,938 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 22,938 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the company’s stock are short sold.

Wall Street Analyst Weigh In

DAIO has been the topic of several recent research reports. Westpark Capital reiterated a “buy” rating and issued a $5.22 price target on shares of Data I/O in a research note on Friday, October 31st. Zacks Research upgraded Data I/O to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Data I/O in a report on Wednesday, October 8th. Finally, Singular Research raised Data I/O to a “strong-buy” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Data I/O has a consensus rating of “Moderate Buy” and a consensus price target of $5.22.

Institutional Investors Weigh In On Data I/O

A number of large investors have recently added to or reduced their stakes in DAIO. James Investment Research Inc. boosted its position in Data I/O by 45.4% during the second quarter. James Investment Research Inc. now owns 22,402 shares of the electronics maker’s stock worth $69,000 after purchasing an additional 7,000 shares during the period. Penbrook Management LLC lifted its stake in shares of Data I/O by 29.8% during the 2nd quarter. Penbrook Management LLC now owns 349,750 shares of the electronics maker’s stock worth $1,084,000 after buying an additional 80,300 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Data I/O by 45.4% during the 2nd quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock worth $69,000 after buying an additional 7,000 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Data I/O during the 2nd quarter worth about $65,000. Institutional investors own 36.95% of the company’s stock.

Data I/O Stock Down 2.2%

Shares of DAIO stock traded down $0.07 on Wednesday, reaching $3.17. The stock had a trading volume of 38,481 shares, compared to its average volume of 29,072. Data I/O has a 12 month low of $1.88 and a 12 month high of $3.57. The firm has a market capitalization of $29.77 million, a price-to-earnings ratio of -7.92 and a beta of 1.04. The firm’s 50-day moving average is $2.94 and its two-hundred day moving average is $3.10.

Data I/O (NASDAQ:DAIO) last posted its quarterly earnings results on Monday, November 3rd. The electronics maker reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). The business had revenue of $5.39 million for the quarter, compared to the consensus estimate of $5.60 million. Data I/O had a negative return on equity of 21.44% and a negative net margin of 16.16%.

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.