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

Data I/O Co. (NASDAQ:DAIO) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 16,100 shares, a growth of 42.5% from the October 15th total of 11,300 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 21,300 shares, the days-to-cover ratio is currently 0.8 days.

Data I/O Stock Performance

NASDAQ DAIO traded down $0.04 on Friday, hitting $2.59. 10,438 shares of the stock traded hands, compared to its average volume of 22,070. The firm has a market capitalization of $23.92 million, a price-to-earnings ratio of -13.63 and a beta of 0.96. The business’s fifty day moving average is $2.53 and its two-hundred day moving average is $2.66. Data I/O has a 12 month low of $2.29 and a 12 month high of $3.99.

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

Wall Street Analyst Weigh In

Separately, Westpark Capital reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Data I/O in a research report on Wednesday, August 21st.

Institutional Trading of Data I/O

An institutional investor recently raised its position in Data I/O stock. Geode Capital Management LLC increased its position in Data I/O Co. (NASDAQ:DAIO) by 30.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,512 shares of the electronics maker’s stock after acquiring an additional 22,804 shares during the quarter. Geode Capital Management LLC owned about 1.04% of Data I/O worth $248,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 36.95% of the company’s stock.

Data I/O Company Profile

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.