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

Data I/O Corporation (NASDAQ:DAIO) was the target of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 3,947 shares, a decrease of 53.3% from the January 29th total of 8,444 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 18,482 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 18,482 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DAIO. Penbrook Management LLC increased its stake in Data I/O by 1.2% during the 4th quarter. Penbrook Management LLC now owns 356,850 shares of the electronics maker’s stock worth $1,131,000 after buying an additional 4,100 shares during the period. Kovack Advisors Inc. grew 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 valued at $871,000 after acquiring an additional 5,675 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position 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 acquiring an additional 8,555 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Data I/O by 45.4% in the second 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 in the last quarter. Finally, DRW Securities LLC purchased a new position in Data I/O in the fourth quarter valued at about $37,000. 36.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Zacks Research raised Data I/O to a “hold” rating in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Data I/O in a research note on Wednesday, January 21st. Singular Research upgraded Data I/O to a “strong-buy” rating in a report on Friday, October 31st. LADENBURG THALM/SH SH started coverage on shares of Data I/O in a report on Monday, February 2nd. They issued a “buy” rating and a $5.00 price target on the stock. Finally, Westpark Capital reaffirmed a “buy” rating and set a $5.22 price target on shares of Data I/O in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.11.

Data I/O Stock Up 1.8%

Shares of NASDAQ DAIO traded up $0.05 on Friday, hitting $2.86. The company had a trading volume of 16,942 shares, compared to its average volume of 21,320. Data I/O has a 12-month low of $1.88 and a 12-month high of $3.57. The firm has a market capitalization of $26.86 million, a P/E ratio of -7.15 and a beta of 1.08. The business has a 50 day moving average of $3.08 and a two-hundred day moving average of $3.09.

Data I/O (NASDAQ:DAIO) last released its quarterly earnings results on Thursday, February 26th. The electronics maker reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.18). The company had revenue of $3.98 million for the quarter, compared to analyst estimates of $5.41 million. Data I/O had a negative return on equity of 21.44% and a negative net margin of 16.16%.

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.