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

Data I/O Corporation (NASDAQ:DAIO) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 9,695 shares, a decrease of 46.8% from the December 31st total of 18,239 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 18,995 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 18,995 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Data I/O in a research note on Wednesday, January 21st. Westpark Capital restated a “buy” rating and issued a $5.22 target price on shares of Data I/O in a research note on Friday, October 31st. Zacks Research raised shares of Data I/O to a “hold” rating in a research note on Tuesday, November 4th. Finally, Singular Research upgraded Data I/O to a “strong-buy” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued 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, the company has an average rating of “Moderate Buy” and a consensus target price of $5.22.

Institutional Investors Weigh In On Data I/O

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Penbrook Management LLC grew its holdings 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 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 period. Steward Partners Investment Advisory LLC acquired a new position in Data I/O in the second quarter valued at about $65,000. Finally, NewEdge Advisors LLC boosted its stake 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 worth $69,000 after buying an additional 7,000 shares during the period. Hedge funds and other institutional investors own 36.95% of the company’s stock.

Data I/O Stock Down 0.9%

Shares of Data I/O stock traded down $0.03 on Friday, reaching $3.11. 8,876 shares of the stock were exchanged, compared to its average volume of 14,587. The firm has a market capitalization of $29.21 million, a price-to-earnings ratio of -7.78 and a beta of 1.02. Data I/O has a twelve month low of $1.88 and a twelve month high of $3.57. The business has a 50 day moving average price of $3.07 and a two-hundred day moving average price 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 the consensus estimate of ($0.10) by ($0.05). The business had revenue of $5.39 million during the quarter, compared to analysts’ expectations 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.