Koss Corporation (NASDAQ:KOSS) Short Interest Down 27.6% in February

Koss Corporation (NASDAQ:KOSS) was the recipient of a large drop in short interest in February. As of February 13th, there was short interest totaling 109,641 shares, a drop of 27.6% from the January 29th total of 151,489 shares. Based on an average trading volume of 36,165 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.1% of the shares of the stock are short sold. Currently, 2.1% of the shares of the stock are short sold. Based on an average trading volume of 36,165 shares, the days-to-cover ratio is currently 3.0 days.

Koss Trading Up 1.2%

Koss stock opened at $4.13 on Friday. The stock has a 50-day moving average price of $4.38 and a 200 day moving average price of $4.94. Koss has a 52 week low of $4.00 and a 52 week high of $8.59. The stock has a market cap of $39.11 million, a PE ratio of -51.63 and a beta of 1.50.

Koss (NASDAQ:KOSS) last released its earnings results on Thursday, January 29th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $2.86 million during the quarter. Koss had a negative net margin of 6.81% and a negative return on equity of 2.85%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Koss in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in shares of Koss during the 4th quarter worth $50,000. Two Sigma Investments LP acquired a new position in Koss in the third quarter valued at $68,000. Susquehanna International Group LLP acquired a new position in Koss in 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 worth $119,000 after buying an additional 12,661 shares during the period. 6.21% of the stock is currently owned by institutional investors and hedge funds.

Koss Company Profile

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.