Short Interest in Data I/O Corporation (NASDAQ:DAIO) Drops By 25.5%

Data I/O Corporation (NASDAQ:DAIO) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 13,517 shares, a decline of 25.5% from the November 30th total of 18,139 shares. Based on an average trading volume of 22,938 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 22,938 shares, the short-interest ratio is presently 0.6 days.

Analysts Set New Price Targets

DAIO has been the subject of a number of analyst reports. Westpark Capital restated a “buy” rating and set a $5.22 price objective on shares of Data I/O in a research report on Friday, October 31st. Zacks Research upgraded Data I/O to a “hold” rating in a research note on Tuesday, November 4th. Singular Research upgraded shares of Data I/O to a “strong-buy” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Data I/O in a research report on Wednesday, October 8th. One equities research analyst has 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 MarketBeat, Data I/O has a consensus rating of “Moderate Buy” and an average target price of $5.22.

Data I/O Stock Performance

NASDAQ:DAIO opened at $3.38 on Tuesday. The stock has a market cap of $31.74 million, a price-to-earnings ratio of -8.45 and a beta of 1.04. Data I/O has a 1 year low of $1.88 and a 1 year high of $3.57. The business has a fifty day moving average of $2.93 and a 200-day moving average of $3.10.

Data I/O (NASDAQ:DAIO) last posted its quarterly earnings data 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). Data I/O had a negative return on equity of 21.44% and a negative net margin of 16.16%.The company had revenue of $5.39 million during the quarter, compared to analyst estimates of $5.60 million.

Institutional Investors Weigh In On Data I/O

A number of institutional investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new position in Data I/O during the 2nd quarter valued at $65,000. NewEdge Advisors LLC boosted its stake in Data I/O by 45.4% during the second quarter. NewEdge Advisors LLC now owns 22,402 shares of the electronics maker’s stock valued at $69,000 after buying an additional 7,000 shares in the last quarter. James Investment Research Inc. grew its holdings in 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 worth $69,000 after acquiring an additional 7,000 shares during the period. Finally, Penbrook Management LLC raised its position in Data I/O by 29.8% in the second quarter. Penbrook Management LLC now owns 349,750 shares of the electronics maker’s stock worth $1,084,000 after acquiring an additional 80,300 shares in the last quarter. 36.95% of the stock is currently owned by institutional investors and hedge funds.

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.