Data I/O Co. (NASDAQ:DAIO) Short Interest Update

Data I/O Co. (NASDAQ:DAIO) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 27,800 shares, a growth of 72.7% from the May 31st total of 16,100 shares. Based on an average trading volume of 19,500 shares, the short-interest ratio is currently 1.4 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Trading of Data I/O

A hedge fund recently raised its stake in Data I/O stock. Essex Investment Management Co. LLC lifted its position in shares of Data I/O Co. (NASDAQ:DAIO) by 28.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,990 shares of the electronics maker’s stock after purchasing an additional 18,053 shares during the period. Essex Investment Management Co. LLC owned about 0.91% of Data I/O worth $289,000 at the end of the most recent reporting period. 36.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Singular Research restated a “buy” rating on shares of Data I/O in a research note on Tuesday, April 30th.

Data I/O Stock Performance

Shares of NASDAQ:DAIO traded down $0.06 on Friday, hitting $2.76. 46,148 shares of the company were exchanged, compared to its average volume of 20,608. Data I/O has a 1-year low of $2.64 and a 1-year high of $4.80. The stock’s 50 day moving average price is $2.94 and its 200 day moving average price is $3.17. The company has a current ratio of 4.14, a quick ratio of 3.04 and a debt-to-equity ratio of 0.01.

Data I/O (NASDAQ:DAIO) last posted its earnings results on Thursday, April 25th. The electronics maker reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $6.10 million for the quarter. Data I/O had a negative net margin of 1.54% and a negative return on equity of 2.11%. Equities analysts expect that Data I/O will post 0.06 earnings per share for the current year.

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.