Short Interest in Data I/O Corporation (NASDAQ:DAIO) Drops By 75.5%

Data I/O Corporation (NASDAQ:DAIO) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 7,721 shares, a drop of 75.5% from the May 31st total of 31,567 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 91,085 shares, the days-to-cover ratio is currently 0.1 days.

Data I/O Trading Up 1.1%

Shares of DAIO stock opened at $3.76 on Friday. Data I/O has a 12-month low of $2.16 and a 12-month high of $4.49. The stock’s 50-day moving average price is $3.30 and its 200-day moving average price is $3.03. The stock has a market capitalization of $35.31 million, a price-to-earnings ratio of -4.48 and a beta of 1.27.

Data I/O (NASDAQ:DAIO) last announced its quarterly earnings results on Friday, May 15th. The electronics maker reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.18). Data I/O had a negative net margin of 41.85% and a negative return on equity of 54.33%. The firm had revenue of $3.25 million for the quarter, compared to the consensus estimate of $4.00 million. As a group, research analysts predict that Data I/O will post -0.35 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on DAIO shares. Zacks Research upgraded Data I/O from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. LADENBURG THALM/SH SH raised Data I/O to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Data I/O in a report on Monday, April 20th. 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 given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $5.11.

Institutional Investors Weigh In On Data I/O

Large investors have recently bought and sold shares of the business. DRW Securities LLC purchased a new stake in Data I/O during the fourth quarter valued at $37,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Data I/O by 24.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock worth $138,000 after buying an additional 8,555 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Data I/O by 45.4% in the 2nd 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 last quarter. Kovack Advisors Inc. raised its position in shares of Data I/O by 2.2% during the 4th quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock valued at $871,000 after buying an additional 5,675 shares in the last quarter. Finally, Penbrook Management LLC lifted its holdings in shares of Data I/O by 1.2% in the 4th quarter. Penbrook Management LLC now owns 356,850 shares of the electronics maker’s stock valued at $1,131,000 after acquiring an additional 4,100 shares during the last quarter. Institutional investors own 36.95% of the company’s stock.

Data I/O Company Profile

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.