Data I/O Corporation (NASDAQ:DAIO) Stock Short Interest Rises 95.2%

Data I/O Corporation (NASDAQ:DAIO) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 6,731 shares, a growth of 95.2% from the August 31st total of 3,449 shares. Based on an average daily trading volume, of 19,469 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Data I/O Trading Down 1.3%

Shares of Data I/O stock traded down $0.04 on Wednesday, reaching $2.93. 56,563 shares of the company were exchanged, compared to its average volume of 47,447. Data I/O has a fifty-two week low of $2.16 and a fifty-two week high of $4.49. The firm has a market capitalization of $27.51 million, a price-to-earnings ratio of -3.15 and a beta of 1.32. The stock has a fifty day moving average price of $2.93 and a 200-day moving average price of $3.05.

Data I/O (NASDAQ:DAIO) last released its quarterly earnings results on Wednesday, August 12th. The electronics maker reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.07). The company had revenue of $5.15 million during the quarter. Data I/O had a negative net margin of 48.73% and a negative return on equity of 66.83%. On average, equities analysts anticipate that Data I/O will post -0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Data I/O stock. Susquehanna International Group LLP lifted its position in Data I/O Corporation (NASDAQ:DAIO) by 80.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 48,548 shares of the electronics maker’s stock after acquiring an additional 21,711 shares during the quarter. Susquehanna International Group LLP owned approximately 0.52% of Data I/O worth $191,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 36.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. LADENBURG THALM/SH SH raised Data I/O to a “strong-buy” rating in a research note on Friday, July 24th. Weiss Ratings reissued 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5.11.

Data I/O Company Profile

Data I/O Corporation (NASDAQ:DAIO) develops and supplies automated programming and data-management solutions used to configure electronic components during manufacturing. Its systems transfer software, firmware, security credentials and other data to semiconductors and electronic control units before they are assembled into finished products.

The company’s product portfolio includes automated device-programming platforms, production software and related support services. Its solutions are designed for applications involving microcontrollers, flash memory and other programmable devices, with an emphasis on high-volume manufacturing, traceability, data security and process automation.

Founded in 1972, Data I/O serves electronics manufacturers and contract manufacturers in markets including automotive, industrial, consumer electronics and communications.