Data I/O Corporation (NASDAQ:DAIO) Short Interest Up 34.9% in December

Data I/O Corporation (NASDAQ:DAIO) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 18,239 shares, an increase of 34.9% from the December 15th total of 13,517 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 35,379 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 35,379 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are sold short.

Analysts Set New Price Targets

Several brokerages have commented on DAIO. Zacks Research upgraded shares of Data I/O to a “hold” rating in a report on Tuesday, November 4th. Singular Research raised Data I/O to a “strong-buy” rating in a research report on Friday, October 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Data I/O in a research note on Wednesday, October 8th. Finally, Westpark Capital reaffirmed a “buy” rating and issued a $5.22 price target on shares of Data I/O in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5.22.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DAIO. Penbrook Management LLC lifted its position in 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 in the last quarter. NewEdge Advisors LLC raised 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 purchasing an additional 7,000 shares during the last quarter. James Investment Research Inc. lifted its holdings in shares of Data I/O by 45.4% during the second quarter. James Investment Research Inc. now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Data I/O during the second quarter valued at $65,000. Institutional investors own 36.95% of the company’s stock.

Data I/O Trading Down 1.2%

NASDAQ:DAIO traded down $0.04 during trading hours on Monday, reaching $3.26. 6,254 shares of the company traded hands, compared to its average volume of 21,096. The business’s 50-day moving average price is $2.98 and its two-hundred day moving average price is $3.12. Data I/O has a 1 year low of $1.88 and a 1 year high of $3.57. The stock has a market capitalization of $30.61 million, a P/E ratio of -8.15 and a beta of 1.02.

Data I/O (NASDAQ:DAIO) last issued its quarterly earnings results on Monday, November 3rd. The electronics maker reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.05). The company had revenue of $5.39 million for the quarter, compared to the consensus estimate of $5.60 million. Data I/O had a negative net margin of 16.16% and a negative return on equity of 21.44%.

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.