Data I/O Corporation (NASDAQ:DAIO) Short Interest Down 46.8% in January

Data I/O Corporation (NASDAQ:DAIO) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 9,695 shares, a decline of 46.8% from the December 31st total of 18,239 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,995 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 18,995 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Data I/O

Several institutional investors have recently bought and sold shares of the stock. Penbrook Management LLC raised its stake 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 buying an additional 4,100 shares in the last quarter. NewEdge Advisors LLC raised its position in 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 acquiring an additional 7,000 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of Data I/O in the second quarter worth about $65,000. Finally, James Investment Research Inc. increased its stake in shares of Data I/O by 45.4% in the second quarter. James Investment Research Inc. 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. 36.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DAIO has been the subject of a number of analyst reports. Zacks Research raised Data I/O to a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Data I/O in a report on Wednesday, January 21st. Singular Research upgraded shares of Data I/O to a “strong-buy” rating in a report on Friday, October 31st. Finally, Westpark Capital reaffirmed a “buy” rating and set a $5.22 target price on shares of Data I/O in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.22.

Data I/O Price Performance

Shares of NASDAQ:DAIO traded down $0.04 during trading on Friday, reaching $3.10. 9,887 shares of the stock were exchanged, compared to its average volume of 14,277. Data I/O has a 1-year low of $1.88 and a 1-year high of $3.57. The firm has a market cap of $29.11 million, a price-to-earnings ratio of -7.75 and a beta of 1.02. The stock has a fifty day moving average of $3.07 and a two-hundred day moving average of $3.12.

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

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.