Data I/O Corporation (NASDAQ:DAIO) Short Interest Up 157.4% in July

Data I/O Corporation (NASDAQ:DAIO) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 7,404 shares, a growth of 157.4% from the June 30th total of 2,876 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 49,084 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Several analysts have recently issued reports 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 upgraded shares of Data I/O to a “strong-buy” rating in a report on Friday, July 24th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Data I/O in a report on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Data I/O presently has an average rating of “Moderate Buy” and an average price target of $5.11.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. 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 buying an additional 7,000 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in 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 purchasing an additional 8,555 shares during the last quarter. Kovack Advisors Inc. lifted its position in shares of Data I/O by 2.2% in the 4th quarter. Kovack Advisors Inc. now owns 268,906 shares of the electronics maker’s stock worth $852,000 after acquiring an additional 5,675 shares during the period. Finally, DRW Securities LLC acquired a new stake in Data I/O during the fourth quarter worth $37,000. Institutional investors own 36.95% of the company’s stock.

Data I/O Stock Performance

Shares of DAIO stock traded down $0.09 during trading hours on Wednesday, reaching $2.98. The company had a trading volume of 32,561 shares, compared to its average volume of 51,806. Data I/O has a twelve month low of $2.16 and a twelve month high of $4.49. The stock’s fifty day simple moving average is $3.61 and its 200 day simple moving average is $3.08. The company has a market capitalization of $27.96 million, a P/E ratio of -3.56 and a beta of 1.26.

Data I/O (NASDAQ:DAIO) last issued 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). The business had revenue of $3.25 million during the quarter, compared to analysts’ expectations of $4.00 million. Data I/O had a negative net margin of 41.85% and a negative return on equity of 54.33%. As a group, equities analysts expect that Data I/O will post -0.35 earnings per share 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.