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

Data I/O Co. (NASDAQ:DAIO) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 11,200 shares, a growth of 180.0% from the March 15th total of 4,000 shares. Based on an average daily volume of 20,500 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

Data I/O Stock Up 2.1 %

Data I/O stock traded up $0.04 during trading hours on Thursday, hitting $1.99. 18,925 shares of the company traded hands, compared to its average volume of 23,366. The firm’s 50-day simple moving average is $2.56 and its two-hundred day simple moving average is $2.66. The firm has a market cap of $18.39 million, a P/E ratio of -10.47 and a beta of 0.84. Data I/O has a 1-year low of $1.93 and a 1-year high of $3.71.

Institutional Investors Weigh In On Data I/O

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in shares of Data I/O by 0.7% during 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 period. Geode Capital Management LLC lifted its holdings 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 acquiring an additional 22,804 shares during the last quarter. Essex Investment Management Co. LLC boosted its position in shares of Data I/O by 37.6% during 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 in the last quarter. Finally, Legato Capital Management LLC acquired a new position in shares of Data I/O in the 4th quarter worth approximately $30,000. Institutional investors own 36.95% of the company’s stock.

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.