Koss Corporation (NASDAQ:KOSS) Short Interest Update

by · The Cerbat Gem

Koss Corporation (NASDAQ:KOSS – Get Free Report) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 90,268 shares, a drop of 31.1% from the November 30th total of 130,957 shares. Based on an average trading volume of 25,440 shares, the days-to-cover ratio is presently 3.5 days. Currently, 1.7% of the shares of the company are sold short. Currently, 1.7% of the shares of the company are sold short. Based on an average trading volume of 25,440 shares, the days-to-cover ratio is presently 3.5 days.

Koss Price Performance

NASDAQ:KOSS traded down $0.06 during trading hours on Wednesday, hitting $4.14. The company’s stock had a trading volume of 41,749 shares, compared to its average volume of 86,165. Koss has a twelve month low of $4.00 and a twelve month high of $8.59. The stock has a fifty day simple moving average of $4.72 and a 200-day simple moving average of $5.22. The company has a market capitalization of $39.16 million, a P/E ratio of -414.00 and a beta of -1.99.

Koss (NASDAQ:KOSS – Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.03 earnings per share (EPS) for the quarter. Koss had a negative net margin of 1.57% and a negative return on equity of 0.69%. The firm had revenue of $4.07 million during the quarter.

Hedge Funds Weigh In On Koss

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in shares of Koss by 118.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 23,342 shares of the company’s stock worth $119,000 after acquiring an additional 12,661 shares in the last quarter. Susquehanna International Group LLP bought a new position in Koss in the third quarter worth $74,000. Finally, Two Sigma Investments LP bought a new position in Koss in the third quarter worth $68,000. 6.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Koss in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Read Our Latest Analysis on Koss

Koss Company Profile

(Get Free Report)

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.

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