Short Interest in Koss Corporation (NASDAQ:KOSS) Decreases By 27.6%

Koss Corporation (NASDAQ:KOSS) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 109,641 shares, a drop of 27.6% from the January 29th total of 151,489 shares. Based on an average trading volume of 36,165 shares, the short-interest ratio is currently 3.0 days. Approximately 2.1% of the shares of the company are sold short. Approximately 2.1% of the shares of the company are sold short. Based on an average trading volume of 36,165 shares, the short-interest ratio is currently 3.0 days.

Wall Street Analysts Forecast Growth

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

Koss Stock Performance

Shares of NASDAQ KOSS opened at $4.13 on Friday. Koss has a one year low of $4.00 and a one year high of $8.59. The firm has a market capitalization of $39.11 million, a P/E ratio of -51.63 and a beta of 1.50. The company’s fifty day moving average is $4.38 and its two-hundred day moving average is $4.94.

Koss (NASDAQ:KOSS) last announced its quarterly earnings data on Thursday, January 29th. The company reported ($0.06) EPS for the quarter. The company had revenue of $2.86 million during the quarter. Koss had a negative net margin of 6.81% and a negative return on equity of 2.85%.

Institutional Investors Weigh In On Koss

A number of institutional investors and hedge funds have recently modified their holdings of KOSS. Susquehanna International Group LLP purchased a new position in Koss in the 3rd quarter valued at approximately $74,000. Two Sigma Investments LP acquired a new stake in Koss in the third quarter valued at $68,000. Dimensional Fund Advisors LP increased its position 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 valued at $119,000 after buying an additional 12,661 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Koss during the 4th quarter worth $50,000. Institutional investors and hedge funds own 6.21% of the company’s stock.

About Koss

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.