Kopin Corporation (NASDAQ:KOPN) Short Interest Update

Kopin Corporation (NASDAQ:KOPN) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 15,292,319 shares, a growth of 20.6% from the December 15th total of 12,679,546 shares. Approximately 8.6% of the shares of the company are sold short. Based on an average daily volume of 3,565,222 shares, the short-interest ratio is presently 4.3 days. Based on an average daily volume of 3,565,222 shares, the short-interest ratio is presently 4.3 days. Approximately 8.6% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Stifel Nicolaus started coverage on shares of Kopin in a research report on Friday, October 17th. They issued a “buy” rating and a $5.50 price target on the stock. Wall Street Zen upgraded shares of Kopin from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Craig Hallum initiated coverage on Kopin in a research report on Wednesday, October 22nd. They set a “buy” rating and a $6.00 price objective on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Kopin in a research report on Wednesday, October 8th. Finally, Canaccord Genuity Group lifted their target price on shares of Kopin from $3.00 to $3.25 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $4.69.

Kopin Stock Down 4.2%

KOPN traded down $0.14 during mid-day trading on Tuesday, reaching $3.16. 5,308,351 shares of the company traded hands, compared to its average volume of 4,119,946. Kopin has a 52-week low of $0.71 and a 52-week high of $4.16. The company’s fifty day moving average price is $2.57 and its 200-day moving average price is $2.51. The stock has a market capitalization of $576.73 million, a P/E ratio of -79.00 and a beta of 2.70.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Kopin had a negative net margin of 13.81% and a negative return on equity of 30.97%. The firm had revenue of $11.96 million during the quarter, compared to the consensus estimate of $13.89 million. As a group, sell-side analysts forecast that Kopin will post -0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kopin

Several large investors have recently modified their holdings of KOPN. Silverberg Bernstein Capital Management LLC boosted its holdings in Kopin by 6.3% during the 4th quarter. Silverberg Bernstein Capital Management LLC now owns 1,277,409 shares of the company’s stock valued at $2,989,000 after acquiring an additional 75,400 shares during the period. First Bank & Trust bought a new position in shares of Kopin during the fourth quarter valued at approximately $108,000. Tudor Investment Corp ET AL bought a new stake in Kopin during the 3rd quarter valued at $976,000. CIBC Bancorp USA Inc. purchased a new position in Kopin in the third quarter valued at about $41,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Kopin by 73,450.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 17,652 shares of the company’s stock valued at $43,000 after acquiring an additional 17,628 shares during the last quarter. Institutional investors own 30.96% of the company’s stock.

About Kopin

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.