Data I/O Co. (NASDAQ:DAIO) Short Interest Up 42.5% in October

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Data I/O stock. Perkins Coie Trust Co purchased a new stake in Data I/O Co. (NASDAQ:DAIO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,500 shares of the electronics maker’s stock, valued at approximately $56,000. Perkins Coie Trust Co owned about 0.23% of Data I/O at the end of the most recent reporting period. Hedge funds and other institutional investors own 36.95% of the company’s stock.

Wall Street Analyst Weigh In

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

Data I/O Trading Up 0.8 %

Shares of NASDAQ DAIO traded up $0.02 during midday trading on Thursday, reaching $2.63. 17,448 shares of the company were exchanged, compared to its average volume of 22,123. The stock has a fifty day simple moving average of $2.52 and a 200 day simple moving average of $2.67. The stock has a market cap of $24.30 million, a P/E ratio of -13.74 and a beta of 0.96. Data I/O has a 1 year low of $2.29 and a 1 year high of $3.99.

Data I/O (NASDAQ:DAIO) last posted its quarterly earnings results on Thursday, October 24th. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $5.42 million for the quarter. Data I/O had a negative return on equity of 9.00% and a negative net margin of 7.53%.

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.