Short Interest in Data I/O Co. (NASDAQ:DAIO) Rises By 179.9%

Data I/O Co. (NASDAQ:DAIO) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 43,100 shares, an increase of 179.9% from the January 15th total of 15,400 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 28,700 shares, the short-interest ratio is currently 1.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Legato Capital Management LLC acquired a new position in shares of Data I/O in the 4th quarter valued at about $30,000. Essex Investment Management Co. LLC grew its stake 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 purchasing an additional 10,679 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Data I/O by 30.9% in the third 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 during the period. 36.95% of the stock is owned by institutional investors and hedge funds.

Data I/O Stock Performance

Shares of Data I/O stock traded down $0.01 during midday trading on Wednesday, hitting $3.03. 14,927 shares of the company traded hands, compared to its average volume of 20,497. The stock has a market cap of $28.00 million, a price-to-earnings ratio of -15.95 and a beta of 0.91. The firm’s fifty day moving average price is $2.87 and its 200-day moving average price is $2.65. Data I/O has a 12 month low of $2.29 and a 12 month high of $3.99.

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.