Data I/O Corporation (NASDAQ:DAIO) Short Interest Up 69.6% in July

Data I/O Corporation (NASDAQ:DAIO) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 12,554 shares, a growth of 69.6% from the July 15th total of 7,404 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 42,245 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

DAIO has been the subject of several recent analyst reports. Zacks Research upgraded shares of Data I/O from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Data I/O in a research report on Friday, July 17th. Finally, LADENBURG THALM/SH SH raised shares of Data I/O to a “strong-buy” rating in a research report on Friday, July 24th. Two investment analysts have 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 MarketBeat, Data I/O currently has a consensus rating of “Moderate Buy” and an average price target of $5.11.

Institutional Trading of Data I/O

A number of large investors have recently bought and sold shares of DAIO. Kovack Advisors Inc. grew its holdings 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 $852,000 after buying an additional 5,675 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in Data I/O by 24.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 43,472 shares of the electronics maker’s stock valued at $138,000 after acquiring an additional 8,555 shares during the last quarter. NewEdge Advisors LLC raised its stake 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 valued at $69,000 after acquiring an additional 7,000 shares during the last quarter. DRW Securities LLC acquired a new stake in Data I/O during the 4th quarter worth approximately $37,000. Finally, BlackRock Inc. purchased a new position in shares of Data I/O in the 2nd quarter valued at approximately $67,000. Institutional investors and hedge funds own 36.95% of the company’s stock.

Data I/O Stock Down 1.6%

DAIO traded down $0.05 during trading on Monday, hitting $3.11. 34,324 shares of the stock were exchanged, compared to its average volume of 51,714. The firm has a market capitalization of $29.20 million, a P/E ratio of -3.34 and a beta of 1.30. Data I/O has a 1-year low of $2.16 and a 1-year high of $4.49. The stock has a fifty day moving average price of $3.44 and a two-hundred day moving average price of $3.06.

Data I/O (NASDAQ:DAIO) last posted its quarterly earnings data on Wednesday, August 12th. The electronics maker reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.07). The firm had revenue of $5.15 million during the quarter. Data I/O had a negative net margin of 48.73% and a negative return on equity of 64.98%. Analysts predict that Data I/O will post -0.35 EPS for the current year.

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.