Koss Corporation (NASDAQ:KOSS) Sees Significant Growth in Short Interest

Koss Corporation (NASDAQ:KOSS) was the recipient of a large increase in short interest in the month of 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 trading volume of 69,095 shares, the short-interest ratio is presently 2.1 days. Currently, 2.7% of the shares of the company are short sold. Currently, 2.7% of the shares of the company are short sold. Based on an average trading volume of 69,095 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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, Koss currently has an average rating of “Sell”.

Institutional Trading of Koss

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

Koss Price Performance

Shares of NASDAQ:KOSS traded up $0.49 during trading on Monday, hitting $4.82. 99,881 shares of the company’s stock were exchanged, compared to its average volume of 53,003. The business’s 50-day simple moving average is $4.52 and its 200 day simple moving average is $5.09. The company has a market cap of $45.60 million, a price-to-earnings ratio of -60.25 and a beta of 1.50. Koss has a 52-week low of $4.00 and a 52-week high of $8.59.

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

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.