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

Data I/O Co. (NASDAQ:DAIO) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 30,300 shares, a decline of 29.7% from the January 31st total of 43,100 shares. Based on an average daily trading volume, of 27,800 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in Data I/O by 30.9% in the 3rd quarter. Geode Capital Management LLC now owns 96,512 shares of the electronics maker’s stock valued at $248,000 after purchasing an additional 22,804 shares during the last quarter. Essex Investment Management Co. LLC raised its stake in Data I/O by 37.6% in the 4th quarter. Essex Investment Management Co. LLC now owns 39,063 shares of the electronics maker’s stock valued at $108,000 after purchasing an additional 10,679 shares during the last quarter. Legato Capital Management LLC acquired a new position in Data I/O in the 4th quarter valued at about $30,000. Finally, Renaissance Technologies LLC raised its stake in Data I/O by 0.7% in the 4th quarter. Renaissance Technologies LLC now owns 503,643 shares of the electronics maker’s stock valued at $1,395,000 after purchasing an additional 3,654 shares during the last quarter. Institutional investors and hedge funds own 36.95% of the company’s stock.

Data I/O Trading Down 3.5 %

Shares of NASDAQ:DAIO traded down $0.09 during midday trading on Tuesday, hitting $2.50. 36,975 shares of the stock were exchanged, compared to its average volume of 23,075. The stock has a market cap of $23.09 million, a P/E ratio of -13.16 and a beta of 0.91. Data I/O has a twelve month low of $2.29 and a twelve month high of $3.99. The company has a 50 day moving average price of $2.93 and a 200-day moving average price of $2.70.

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.