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

Data I/O Corporation (NASDAQ:DAIO) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 3,947 shares, a decline of 53.3% from the January 29th total of 8,444 shares. Currently, 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. Currently, 0.0% of the company’s shares are sold short.

Data I/O Stock Down 1.4%

Shares of NASDAQ DAIO traded down $0.04 during mid-day trading on Friday, reaching $2.77. 34,303 shares of the company were exchanged, compared to its average volume of 26,535. Data I/O has a 1 year low of $1.88 and a 1 year high of $3.57. The firm has a 50-day moving average of $3.08 and a 200 day moving average of $3.08. The stock has a market cap of $26.01 million, a price-to-earnings ratio of -5.13 and a beta of 1.08.

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). Data I/O had a negative net margin of 23.19% and a negative return on equity of 29.44%. The firm had revenue of $3.98 million for the quarter, compared to analysts’ expectations of $5.41 million.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Penbrook Management LLC boosted its holdings in Data I/O by 1.2% in the fourth quarter. Penbrook Management LLC now owns 356,850 shares of the electronics maker’s stock worth $1,131,000 after acquiring an additional 4,100 shares in the last quarter. Kovack Advisors Inc. raised 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 valued at $871,000 after purchasing an additional 5,675 shares during the last quarter. NewEdge Advisors LLC boosted its stake in 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 purchasing an additional 7,000 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position 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 worth $138,000 after purchasing an additional 8,555 shares during the last quarter. Finally, DRW Securities LLC purchased a new stake in Data I/O during the 4th quarter worth approximately $37,000. 36.95% of the stock is currently owned by hedge funds and other institutional investors.

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.