Short Interest in Data I/O Co. (NASDAQ:DAIO) Drops By 20.3%

Data I/O Co. (NASDAQ:DAIO) was the target of a large decline in short interest in June. As of June 30th, there was short interest totalling 39,600 shares, a decline of 20.3% from the May 30th total of 49,700 shares. Based on an average daily volume of 28,000 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.6% of the company’s stock are sold short.

Shares of NASDAQ:DAIO traded down $0.14 during trading hours on Thursday, hitting $4.23. The company’s stock had a trading volume of 22,290 shares, compared to its average volume of 30,056. Data I/O has a 52 week low of $4.12 and a 52 week high of $6.88. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.72 and a quick ratio of 3.68. The firm has a market capitalization of $34.60 million, a P/E ratio of 23.39 and a beta of 1.70. The company’s fifty day moving average is $4.32.

Data I/O (NASDAQ:DAIO) last posted its quarterly earnings data on Thursday, April 25th. The electronics maker reported $0.00 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.03). The firm had revenue of $6.06 million for the quarter. Data I/O had a return on equity of 6.49% and a net margin of 5.43%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. James Investment Research Inc. raised its stake in shares of Data I/O by 23.1% during the 1st quarter. James Investment Research Inc. now owns 11,723 shares of the electronics maker’s stock worth $65,000 after acquiring an additional 2,200 shares in the last quarter. Alambic Investment Management L.P. raised its stake in shares of Data I/O by 66.4% during the 1st quarter. Alambic Investment Management L.P. now owns 29,231 shares of the electronics maker’s stock worth $162,000 after acquiring an additional 11,661 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Data I/O by 7.1% during the 1st quarter. Acadian Asset Management LLC now owns 193,916 shares of the electronics maker’s stock worth $1,076,000 after acquiring an additional 12,777 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of Data I/O during the 4th quarter worth approximately $369,000. Hedge funds and other institutional investors own 35.30% of the company’s stock.

Separately, TheStreet upgraded shares of Viacom from a “c+” rating to a “b-” rating in a report on Wednesday, April 24th.

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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