Short Interest in Kopin Co. (NASDAQ:KOPN) Declines By 6.9%

Kopin Co. (NASDAQ:KOPNGet Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 2,550,000 shares, a decline of 6.9% from the September 30th total of 2,740,000 shares. Based on an average daily trading volume, of 1,040,000 shares, the days-to-cover ratio is currently 2.5 days.

Kopin Stock Performance

Shares of NASDAQ KOPN opened at $0.76 on Thursday. The stock has a market cap of $89.53 million, a P/E ratio of -1.80 and a beta of 2.60. The firm has a 50 day moving average price of $0.82 and a 200 day moving average price of $0.87. Kopin has a 52-week low of $0.56 and a 52-week high of $2.82.

Kopin (NASDAQ:KOPNGet Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). Kopin had a negative net margin of 114.11% and a negative return on equity of 131.82%. The company had revenue of $12.34 million during the quarter, compared to the consensus estimate of $9.32 million. During the same period in the previous year, the firm posted ($0.07) EPS. Analysts predict that Kopin will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

KOPN has been the subject of several analyst reports. HC Wainwright reiterated a “buy” rating and set a $3.00 price target on shares of Kopin in a research report on Monday, October 21st. StockNews.com cut shares of Kopin from a “hold” rating to a “sell” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus decreased their price objective on shares of Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a report on Friday, August 9th.

Get Our Latest Stock Report on Kopin

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. EntryPoint Capital LLC bought a new position in Kopin in the first quarter valued at approximately $26,000. XTX Topco Ltd bought a new position in Kopin in the second quarter valued at approximately $32,000. Staley Capital Advisers Inc. bought a new position in Kopin in the first quarter valued at approximately $32,000. EverSource Wealth Advisors LLC bought a new position in Kopin in the first quarter valued at approximately $37,000. Finally, JT Stratford LLC bought a new position in Kopin in the first quarter valued at approximately $37,000. Institutional investors own 30.96% of the company’s stock.

Kopin Company Profile

(Get Free Report)

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.

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