Data I/O Co. (NASDAQ:DAIO) Sees Significant Decrease in Short Interest

Data I/O Co. (NASDAQ:DAIO) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 19,900 shares, a drop of 38.6% from the December 15th total of 32,400 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 31,800 shares, the short-interest ratio is currently 0.6 days.

Data I/O Stock Performance

Shares of DAIO remained flat at $2.83 during trading hours on Tuesday. 15,848 shares of the company were exchanged, compared to its average volume of 26,756. Data I/O has a 52 week low of $2.29 and a 52 week high of $3.99. The company has a market capitalization of $26.15 million, a P/E ratio of -14.89 and a beta of 0.92. The company’s 50-day simple moving average is $2.72 and its 200-day simple moving average is $2.62.

Data I/O (NASDAQ:DAIO) last released its earnings results on Thursday, October 24th. The electronics maker reported ($0.03) EPS for the quarter. The company had revenue of $5.42 million during the quarter. Data I/O had a negative return on equity of 9.05% and a negative net margin of 7.53%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Data I/O stock. Geode Capital Management LLC boosted its position in shares of Data I/O Co. (NASDAQ:DAIO) by 30.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,512 shares of the electronics maker’s stock after buying an additional 22,804 shares during the quarter. Geode Capital Management LLC owned 1.04% of Data I/O worth $248,000 as of its most recent filing with the Securities & Exchange Commission. 36.95% of the stock is currently owned by institutional investors and hedge funds.

About Data I/O

Data I/O Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of programming and security deployment systems and services for electronic device manufacturers in the United States, Europe, and internationally. Its programming system products are used to program integrated circuits (ICs) with the specific data for the ICs.