Short Interest in Koss Corporation (NASDAQ:KOSS) Increases By 44.5%

Koss Corporation (NASDAQ:KOSS) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 142,491 shares, an increase of 44.5% from the December 31st total of 98,633 shares. Based on an average daily volume of 69,095 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.7% of the shares of the company are sold short. Currently, 2.7% of the shares of the company are sold short. Based on an average daily volume of 69,095 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Investors Weigh In On Koss

A number of institutional investors and hedge funds have recently modified their holdings of KOSS. Two Sigma Investments LP purchased a new position in Koss in the 3rd quarter worth about $68,000. Susquehanna International Group LLP purchased a new stake in Koss during the third quarter valued at about $74,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Koss by 118.5% in the third quarter. Dimensional Fund Advisors LP now owns 23,342 shares of the company’s stock worth $119,000 after buying an additional 12,661 shares during the period. 6.21% of the stock is owned by institutional investors and hedge funds.

Koss Trading Down 3.6%

Shares of NASDAQ KOSS opened at $4.33 on Friday. Koss has a twelve month low of $4.00 and a twelve month high of $8.59. The firm has a 50-day moving average of $4.51 and a two-hundred day moving average of $5.10. The company has a market capitalization of $40.96 million, a price-to-earnings ratio of -54.13 and a beta of -2.02.

Koss (NASDAQ:KOSS) last released its earnings results on Thursday, January 29th. The company reported ($0.06) EPS for the quarter. The business had revenue of $2.86 million for the quarter. Koss had a negative net margin of 6.81% and a negative return on equity of 2.84%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Koss in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Koss presently has an average rating of “Sell”.

Koss Company Profile

Koss Corporation is an American manufacturer of high-fidelity audio equipment, best known for pioneering the first stereo headphone for personal music listening. Headquartered in Milwaukee, Wisconsin, the company designs, markets and sells a range of headphones and earphones for consumer, professional and industrial applications.

The company’s product lineup includes over-ear and on-ear stereo headphones, in-ear monitors, wireless Bluetooth models and noise-cancelling designs. In addition to personal audio devices, Koss offers reference and studio monitoring headphones for broadcast, recording and DJ use.