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

Data I/O Corporation (NASDAQ:DAIO) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 3,449 shares, a decrease of 73.7% from the August 15th total of 13,129 shares. Based on an average trading volume of 34,409 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. LADENBURG THALM/SH SH upgraded Data I/O to a “strong-buy” rating in a research note on Friday, July 24th. Weiss Ratings reiterated 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.11.

Data I/O Stock Up 2.2%

NASDAQ:DAIO traded up $0.06 during trading hours on Friday, reaching $2.77. 4,983 shares of the company’s stock were exchanged, compared to its average volume of 27,460. The firm has a market capitalization of $26.02 million, a price-to-earnings ratio of -2.98 and a beta of 1.32. The company has a 50-day moving average of $3.07 and a 200 day moving average of $3.04. Data I/O has a 1-year low of $2.16 and a 1-year high of $4.49.

Data I/O (NASDAQ:DAIO) last posted its quarterly earnings data on Wednesday, August 12th. The electronics maker reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.07). Data I/O had a negative net margin of 48.73% and a negative return on equity of 66.83%. The business had revenue of $5.15 million during the quarter. Research analysts forecast that Data I/O will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Data I/O

Institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its position in 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 acquiring an additional 7,000 shares during the period. Kovack Advisors Inc. raised its stake in shares of Data I/O by 2.2% during the fourth quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock worth $871,000 after purchasing an additional 5,675 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Data I/O by 24.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock worth $138,000 after purchasing an additional 8,555 shares during the last quarter. DRW Securities LLC acquired a new stake in shares of Data I/O during the fourth quarter worth $37,000. Finally, BlackRock Inc. purchased a new position in Data I/O in the 2nd quarter valued at $67,000. Institutional investors and hedge funds own 36.95% of the company’s stock.

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.