Koss Corporation (NASDAQ:KOSS) Short Interest Down 31.1% in December

Koss Corporation (NASDAQ:KOSS) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 90,268 shares, a decline of 31.1% from the November 30th total of 130,957 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily volume of 25,440 shares, the days-to-cover ratio is currently 3.5 days. Based on an average daily volume of 25,440 shares, the days-to-cover ratio is currently 3.5 days. Currently, 1.7% of the company’s stock are short sold.

Koss Price Performance

Shares of Koss stock traded down $0.11 during trading on Tuesday, reaching $4.20. 43,247 shares of the company traded hands, compared to its average volume of 33,456. Koss has a 1-year low of $4.00 and a 1-year high of $8.59. The firm has a market capitalization of $39.73 million, a PE ratio of -420.00 and a beta of -1.99. The company has a 50 day moving average price of $4.72 and a 200-day moving average price of $5.22.

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

Hedge Funds Weigh In On Koss

A number of hedge funds have recently bought and sold shares of the company. Two Sigma Investments LP purchased a new position in Koss during the third quarter worth about $68,000. Susquehanna International Group LLP bought a new position in Koss during the third quarter valued at about $74,000. Finally, Dimensional Fund Advisors LP raised its position in Koss by 118.5% in the third 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 during the period. 6.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Koss in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

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.