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

Data I/O Co. (NASDAQ:DAIO) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 32,400 shares, an increase of 103.8% from the November 30th total of 15,900 shares. Based on an average daily volume of 30,700 shares, the short-interest ratio is currently 1.1 days. Currently, 0.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On Data I/O

A hedge fund recently raised its stake in Data I/O stock. Perkins Coie Trust Co lifted its position in Data I/O Co. (NASDAQ:DAIO) by 44.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,600 shares of the electronics maker’s stock after purchasing an additional 9,100 shares during the quarter. Perkins Coie Trust Co owned 0.33% of Data I/O worth $76,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 36.95% of the company’s stock.

Data I/O Stock Performance

DAIO traded down $0.05 during trading on Friday, reaching $2.76. The company had a trading volume of 18,517 shares, compared to its average volume of 24,057. Data I/O has a 12-month low of $2.29 and a 12-month high of $3.99. The firm’s 50-day simple moving average is $2.66 and its 200 day simple moving average is $2.62. The company has a market cap of $25.49 million, a price-to-earnings ratio of -14.53 and a beta of 0.92.

Data I/O (NASDAQ:DAIO) last posted 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 company had revenue of $5.42 million for the quarter.

Data I/O Company Profile

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.