Data I/O Co. (NASDAQ:DAIO) Short Interest Down 38.6% in December

Data I/O Co. (NASDAQ:DAIO) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 19,900 shares, a decline of 38.6% from the December 15th total of 32,400 shares. Based on an average trading volume of 31,800 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are short sold.

Data I/O Price Performance

Data I/O stock remained flat at $2.83 during midday trading on Tuesday. 15,848 shares of the company were exchanged, compared to its average volume of 26,756. Data I/O has a 12 month low of $2.29 and a 12 month high of $3.99. The company’s 50 day simple moving average is $2.72 and its 200 day simple moving average is $2.62. The stock has a market cap of $26.15 million, a price-to-earnings ratio of -14.89 and a beta of 0.92.

Data I/O (NASDAQ:DAIO) last released its quarterly earnings results on Thursday, October 24th. The electronics maker reported ($0.03) earnings per share for the quarter. Data I/O had a negative net margin of 7.53% and a negative return on equity of 9.05%. The firm had revenue of $5.42 million for the quarter.

Institutional Investors Weigh In On Data I/O

An institutional investor recently raised its position in Data I/O stock. Perkins Coie Trust Co increased its holdings in Data I/O Co. (NASDAQ:DAIO) by 44.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,600 shares of the electronics maker’s stock after buying an additional 9,100 shares during the quarter. Perkins Coie Trust Co owned 0.33% of Data I/O worth $76,000 at the end of the most recent reporting period. 36.95% of the stock is currently owned by institutional investors.

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.