Koss Co. (NASDAQ:KOSS) Sees Large Growth in Short Interest

Koss Co. (NASDAQ:KOSS) was the recipient of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 13,700 shares, an increase of 7.0% from the October 15th total of 12,800 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 14,100 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On Koss

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Koss by 22.0% in the 1st quarter. Vanguard Group Inc. now owns 224,393 shares of the company’s stock valued at $2,056,000 after acquiring an additional 40,462 shares during the period. LPL Financial LLC lifted its stake in shares of Koss by 43.9% during the second quarter. LPL Financial LLC now owns 23,852 shares of the company’s stock worth $166,000 after purchasing an additional 7,280 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Koss in the second quarter worth about $264,000. Dimensional Fund Advisors LP boosted its position in shares of Koss by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 141,995 shares of the company’s stock worth $693,000 after buying an additional 2,330 shares during the period. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of Koss during the 4th quarter valued at about $35,000. 6.16% of the stock is currently owned by hedge funds and other institutional investors.

Koss Price Performance

KOSS stock traded up $0.10 during trading on Friday, reaching $2.80. 6,221 shares of the stock traded hands, compared to its average volume of 43,834. The firm has a market capitalization of $25.86 million, a PE ratio of -13.52 and a beta of -0.55. The business’s 50 day moving average price is $2.95 and its 200-day moving average price is $3.52. Koss has a 52-week low of $2.62 and a 52-week high of $6.85.

Koss (NASDAQ:KOSS) last released its quarterly earnings data on Thursday, October 26th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $3.37 million during the quarter. Koss had a negative net margin of 14.49% and a negative return on equity of 6.03%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Koss in a report on Friday, November 10th. They issued a “hold” rating on the stock.

About Koss

Koss Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of stereo headphones and related accessories in the United States, the Czech Republic, Sweden, Canada, Korea, Republic of Belgium, Malaysia, and internationally. It offers high-fidelity headphones, wireless bluetooth headphones, wireless bluetooth speakers, computer headsets, telecommunications headsets, and active noise canceling headphones.