Data I/O Co. (NASDAQ:DAIO) Short Interest Down 65.0% in February

Data I/O Co. (NASDAQ:DAIO) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 10,600 shares, a drop of 65.0% from the February 13th total of 30,300 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 25,500 shares, the short-interest ratio is presently 0.4 days.

Data I/O Trading Up 0.7 %

Shares of NASDAQ:DAIO traded up $0.02 on Friday, hitting $2.38. The company had a trading volume of 239 shares, compared to its average volume of 22,736. The company has a market cap of $21.94 million, a PE ratio of -12.50 and a beta of 0.90. The business has a 50 day moving average of $2.88 and a 200 day moving average of $2.69. Data I/O has a 52-week low of $2.29 and a 52-week high of $3.99.

Institutional Investors Weigh In On Data I/O

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in Data I/O by 0.7% in the 4th quarter. Renaissance Technologies LLC now owns 503,643 shares of the electronics maker’s stock valued at $1,395,000 after acquiring an additional 3,654 shares during the last quarter. Geode Capital Management LLC grew its position in shares of 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 purchasing an additional 22,804 shares during the period. Essex Investment Management Co. LLC increased its stake in 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 valued at $108,000 after purchasing an additional 10,679 shares during the last quarter. Finally, Legato Capital Management LLC purchased a new position in Data I/O during the fourth quarter worth about $30,000. 36.95% of the stock is currently owned by hedge funds and other 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.