Short Interest in Data I/O Corporation (NASDAQ:DAIO) Rises By 34.9%

Data I/O Corporation (NASDAQ:DAIO) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 18,239 shares, a growth of 34.9% from the December 15th total of 13,517 shares. Based on an average trading volume of 35,379 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 35,379 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Data I/O

A number of large investors have recently bought and sold shares of DAIO. Penbrook Management LLC raised its holdings in shares of Data I/O by 29.8% in the 2nd quarter. Penbrook Management LLC now owns 349,750 shares of the electronics maker’s stock valued at $1,084,000 after purchasing an additional 80,300 shares during the period. James Investment Research Inc. raised its holdings in Data I/O by 45.4% in the 2nd quarter. James Investment Research Inc. 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 bought a new position in shares of Data I/O during the second quarter worth about $65,000. Finally, NewEdge Advisors LLC boosted 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 valued at $69,000 after acquiring an additional 7,000 shares during the last quarter. 36.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Data I/O Stock Performance

Shares of DAIO stock opened at $3.26 on Friday. Data I/O has a 52-week low of $1.88 and a 52-week high of $3.57. The stock has a market cap of $30.62 million, a price-to-earnings ratio of -8.15 and a beta of 1.02. The firm has a fifty day moving average of $2.98 and a 200-day moving average of $3.12.

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

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.