Koss Co. (NASDAQ:KOSS) Short Interest Up 10.7% in January

Koss Co. (NASDAQ:KOSS) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 258,700 shares, a growth of 10.7% from the January 15th total of 233,600 shares. Approximately 4.9% of the company’s stock are sold short. Based on an average daily volume of 152,000 shares, the days-to-cover ratio is currently 1.7 days.

Hedge Funds Weigh In On Koss

Several institutional investors have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in Koss in the fourth quarter worth approximately $92,000. Jane Street Group LLC acquired a new position in Koss during the fourth quarter valued at approximately $125,000. Citadel Advisors LLC acquired a new position in Koss during the fourth quarter valued at approximately $212,000. Marshall Wace LLP acquired a new position in Koss during the fourth quarter valued at approximately $447,000. Finally, Geode Capital Management LLC grew its stake in shares of Koss by 2.9% in the third quarter. Geode Capital Management LLC now owns 61,211 shares of the company’s stock worth $452,000 after acquiring an additional 1,744 shares during the last quarter. Institutional investors own 6.21% of the company’s stock.

Koss Price Performance

KOSS traded up $0.07 during midday trading on Monday, reaching $6.56. 46,112 shares of the company’s stock were exchanged, compared to its average volume of 73,676. The stock has a market capitalization of $61.34 million, a PE ratio of -82.00 and a beta of -0.65. Koss has a 1-year low of $2.27 and a 1-year high of $18.73. The business’s 50-day moving average price is $7.04 and its 200 day moving average price is $7.28.

Koss (NASDAQ:KOSS) last released its earnings results on Thursday, January 30th. The company reported $0.01 earnings per share (EPS) for the quarter. Koss had a negative net margin of 6.10% and a negative return on equity of 2.42%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Koss from a “sell” rating to a “hold” rating in a research report on Monday, February 3rd.

Koss Company Profile

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.