Short Interest in Data I/O Co. (NASDAQ:DAIO) Rises By 180.0%

by · The Cerbat Gem

Data I/O Co. (NASDAQ:DAIO – Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 11,200 shares, a growth of 180.0% from the March 15th total of 4,000 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 20,500 shares, the short-interest ratio is presently 0.5 days.

Data I/O Price Performance

NASDAQ DAIO traded down $0.04 during trading on Tuesday, reaching $2.01. 24,701 shares of the company’s stock traded hands, compared to its average volume of 23,057. The firm has a market cap of $18.57 million, a price-to-earnings ratio of -10.58 and a beta of 0.84. The company’s 50 day simple moving average is $2.60 and its two-hundred day simple moving average is $2.67. Data I/O has a 12-month low of $1.95 and a 12-month high of $3.71.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Legato Capital Management LLC acquired a new position in Data I/O in the fourth quarter valued at about $30,000. Essex Investment Management Co. LLC grew its position in Data I/O by 37.6% during the fourth quarter. Essex Investment Management Co. LLC now owns 39,063 shares of the electronics maker’s stock worth $108,000 after buying an additional 10,679 shares during the period. Geode Capital Management LLC lifted its stake in Data I/O by 30.9% in the 3rd quarter. Geode Capital Management LLC now owns 96,512 shares of the electronics maker’s stock valued at $248,000 after buying an additional 22,804 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Data I/O by 0.7% in the fourth quarter. Renaissance Technologies LLC now owns 503,643 shares of the electronics maker’s stock worth $1,395,000 after acquiring an additional 3,654 shares during the last quarter. 36.95% of the stock is owned by institutional investors and hedge funds.

About Data I/O

(Get Free Report)

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.

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