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

Data I/O Co. (NASDAQ:DAIO) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 4,000 shares, a decrease of 62.3% from the February 28th total of 10,600 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 20,600 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Legato Capital Management LLC acquired a new position in shares of Data I/O during the fourth quarter valued at about $30,000. Essex Investment Management Co. LLC raised its stake in shares of Data I/O by 37.6% in 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 last quarter. Geode Capital Management LLC boosted its position in shares of Data I/O by 30.9% during 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 last quarter. Finally, Renaissance Technologies LLC grew its holdings in Data I/O by 0.7% during the fourth quarter. Renaissance Technologies LLC now owns 503,643 shares of the electronics maker’s stock worth $1,395,000 after buying an additional 3,654 shares in the last quarter. Institutional investors and hedge funds own 36.95% of the company’s stock.

Data I/O Stock Performance

Shares of Data I/O stock opened at $2.45 on Thursday. Data I/O has a 52 week low of $2.29 and a 52 week high of $3.99. The stock has a 50 day moving average price of $2.80 and a two-hundred day moving average price of $2.69. The stock has a market capitalization of $22.63 million, a PE ratio of -12.89 and a beta of 0.90.

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.