Cosi Inc. (NASDAQ:COSI) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 1,659,471 shares, a growth of 160.8% from the September 15th total of 636,362 shares. Based on an average daily trading volume, of 8,205,946 shares, the short-interest ratio is presently 0.2 days.

In related news, major shareholder Fund Lp Plaisance sold 400,000 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $0.32, for a total value of $128,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 7.77% of the stock is currently owned by corporate insiders.

A hedge fund recently raised its stake in Cosi stock. Diker Management LLC increased its stake in shares of Cosi Inc. (NASDAQ:COSI) by 16.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 470,404 shares of the company’s stock after buying an additional 67,476 shares during the period. Diker Management LLC owned about 1.01% of Cosi worth $400,000 as of its most recent filing with the SEC. 37.62% of the stock is owned by institutional investors.

Cosi (NASDAQ:COSI) opened at 0.0285 on Friday. The company has a 50-day moving average of $0.17 and a 200 day moving average of $0.44. Cosi has a one year low of $0.02 and a one year high of $1.05. The firm’s market capitalization is $1.34 million.

Cosi (NASDAQ:COSI) last released its earnings results on Thursday, August 11th. The company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). Cosi had a negative net margin of 15.35% and a negative return on equity of 87.05%. The firm had revenue of $22.80 million for the quarter, compared to analyst estimates of $24.45 million. On average, analysts anticipate that Cosi will post ($0.21) EPS for the current year.

About Cosi

Cosi, Inc owns, operates and franchises restaurants. The Company offers a range of house coffees and other espresso-based beverages, handcrafted specialty drinks, along with soft drinks, flavored teas, bottled beverages, including premium still and sparkling waters, teas and, in some locations, beer and wine.

5 Day Chart for NASDAQ:COSI

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