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

Data I/O Co. (NASDAQ:DAIO) was the recipient of a large growth in short interest during the month of 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 shares of the stock are short sold. Based on an average daily trading volume, of 21,300 shares, the short-interest ratio is presently 0.8 days.

Data I/O Stock Down 1.5 %

Shares of Data I/O stock traded down $0.04 during trading on Friday, hitting $2.59. 10,438 shares of the stock traded hands, compared to its average volume of 22,070. The stock has a market cap of $23.92 million, a price-to-earnings ratio of -13.63 and a beta of 0.96. Data I/O has a 52 week low of $2.29 and a 52 week high of $3.99. The firm’s fifty day moving average is $2.53 and its 200-day moving average is $2.66.

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

Institutional Trading of Data I/O

An institutional investor recently raised its position in Data I/O stock. Perkins Coie Trust Co boosted its stake in shares of Data I/O Co. (NASDAQ:DAIO) by 44.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,600 shares of the electronics maker’s stock after acquiring an additional 9,100 shares during the quarter. Perkins Coie Trust Co owned 0.33% of Data I/O worth $76,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 36.95% of the company’s stock.

Analysts Set New Price Targets

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

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.