Data I/O Co. (NASDAQ:DAIO) Sees Large Growth in Short Interest

Data I/O Co. (NASDAQ:DAIO) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 16,100 shares, an increase of 42.5% from the October 15th total of 11,300 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 21,300 shares, the short-interest ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Westpark Capital restated a “buy” rating and set a $4.00 price objective on shares of Data I/O in a research report on Wednesday, August 21st.

Data I/O Price Performance

DAIO traded down $0.04 during midday trading on Friday, hitting $2.59. 10,438 shares of the company’s stock traded hands, compared to its average volume of 22,070. The company has a market cap of $23.92 million, a PE ratio of -13.63 and a beta of 0.96. The stock’s fifty day simple moving average is $2.53 and its 200-day simple moving average is $2.66. Data I/O has a one year low of $2.29 and a one year high of $3.99.

Data I/O (NASDAQ:DAIO) last released its quarterly earnings results on Thursday, October 24th. The electronics maker reported ($0.03) EPS for the quarter. Data I/O had a negative net margin of 7.53% and a negative return on equity of 9.05%. The firm had revenue of $5.42 million during the quarter.

Institutional Investors Weigh In On Data I/O

A hedge fund recently bought a new stake in Data I/O stock. Perkins Coie Trust Co bought a new stake in Data I/O Co. (NASDAQ:DAIO) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 20,500 shares of the electronics maker’s stock, valued at approximately $56,000. Perkins Coie Trust Co owned approximately 0.23% of Data I/O as of its most recent filing with the SEC. 36.95% of the stock is owned by institutional investors.

About Data I/O

Data I/O Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of programming and security deployment systems and services for electronic device manufacturers in the United States, Europe, and internationally. Its programming system products are used to program integrated circuits (ICs) with the specific data for the ICs.