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 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 company’s shares are sold short. Based on an average trading volume of 21,300 shares, the days-to-cover ratio is currently 0.8 days.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Data I/O

A hedge fund recently bought a new stake in Data I/O stock. Perkins Coie Trust Co bought a new stake in shares of Data I/O Co. (NASDAQ:DAIO) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,500 shares of the electronics maker’s stock, valued at approximately $56,000. Perkins Coie Trust Co owned 0.23% of Data I/O at the end of the most recent reporting period. 36.95% of the stock is owned by hedge funds and other institutional investors.

Data I/O Price Performance

Data I/O stock traded up $0.02 during midday trading on Thursday, reaching $2.63. The company’s stock had a trading volume of 17,448 shares, compared to its average volume of 22,123. Data I/O has a 52-week low of $2.29 and a 52-week high of $3.99. The stock has a market capitalization of $24.30 million, a P/E ratio of -13.74 and a beta of 0.96. The stock’s 50-day simple moving average is $2.52 and its 200-day simple moving average is $2.67.

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

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.