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

Data I/O Co. (NASDAQ:DAIO) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 26,700 shares, a decrease of 25.0% from the September 30th total of 35,600 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 19,600 shares, the days-to-cover ratio is currently 1.4 days.

Several analysts have recently issued reports on DAIO shares. TheStreet cut shares of Data I/O from a “c” rating to a “d+” rating in a research report on Friday, November 1st. ValuEngine raised shares of Data I/O from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.

NASDAQ:DAIO traded up $0.12 during mid-day trading on Friday, hitting $4.17. The stock had a trading volume of 84,100 shares, compared to its average volume of 30,156. The stock has a 50-day simple moving average of $3.84 and a two-hundred day simple moving average of $4.13. Data I/O has a twelve month low of $3.23 and a twelve month high of $6.88. The company has a quick ratio of 3.72, a current ratio of 4.71 and a debt-to-equity ratio of 0.07.

Data I/O (NASDAQ:DAIO) last posted its quarterly earnings data on Thursday, October 31st. The electronics maker reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.07). Data I/O had a negative net margin of 0.18% and a negative return on equity of 0.19%. The firm had revenue of $3.81 million during the quarter.

In other Data I/O news, Director John D. Delafield purchased 62,208 shares of Data I/O stock in a transaction dated Friday, November 8th. The shares were acquired at an average price of $3.70 per share, with a total value of $230,169.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.20% of the stock is currently owned by corporate insiders.

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A number of large investors have recently bought and sold shares of the stock. Royal Bank of Canada purchased a new position in Data I/O in the 2nd quarter valued at $25,000. Morgan Stanley grew its position in Data I/O by 220.9% in the 2nd quarter. Morgan Stanley now owns 10,005 shares of the electronics maker’s stock valued at $45,000 after buying an additional 6,887 shares during the last quarter. BlackRock Inc. grew its position in Data I/O by 8.3% in the 2nd quarter. BlackRock Inc. now owns 46,326 shares of the electronics maker’s stock valued at $208,000 after buying an additional 3,563 shares during the last quarter. James Investment Research Inc. grew its position in Data I/O by 25.6% in the 2nd quarter. James Investment Research Inc. now owns 14,723 shares of the electronics maker’s stock valued at $67,000 after buying an additional 3,000 shares during the last quarter. Finally, Eqis Capital Management Inc. grew its position in Data I/O by 30.2% in the 2nd quarter. Eqis Capital Management Inc. now owns 16,997 shares of the electronics maker’s stock valued at $76,000 after buying an additional 3,940 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Data I/O Company Profile

Data I/O Corporation designs, manufactures, and sells programming 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 necessary for the ICs. The company provides PSV handlers offline automated programming systems; and RoadRunner and RoadRunner3 series handlers, an inline automated programming systems.

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