This is the small Hobbico 2-In-1 Wire Cutter and Stripper.
One end is a traditional wire cutter, the opposite end is a spring action in-handle wire stripper. For use on soft copper (electronic) wire Stripper self-adjusts to 26AWG - 14AWG wire sizes-no stripping holes to locate. Holds and strips wire in one quick motion. Cutting head is full-flush cutting and low-profile with stainless steel induction hardened jaws.