Koss Corporation (NASDAQ:KOSS) Sees Large Decline in Short Interest

Koss Corporation (NASDAQ:KOSS) was the recipient of a large decline in short interest in the month of August. As of August 15th, there was short interest totaling 199,800 shares, a decline of 19.3% from the July 31st total of 247,700 shares. Based on an average trading volume of 182,000 shares, the short-interest ratio is presently 1.1 days. Currently, 3.8% of the shares of the company are short sold. Currently, 3.8% of the shares of the company are short sold. Based on an average trading volume of 182,000 shares, the short-interest ratio is presently 1.1 days.

Koss Trading Up 0.2%

Shares of Koss stock opened at $6.07 on Wednesday. Koss has a 12 month low of $4.00 and a 12 month high of $8.59. The firm has a market cap of $57.42 million, a PE ratio of -67.44 and a beta of -1.66. The stock has a 50 day moving average of $5.71 and a 200 day moving average of $5.31.

Koss (NASDAQ:KOSS) last released its earnings results on Thursday, August 28th. The company reported ($0.02) earnings per share (EPS) for the quarter. Koss had a negative return on equity of 2.85% and a negative net margin of 6.94%.The firm had revenue of $3.08 million during the quarter.

Insider Activity

In other news, VP Michael J. Koss, Jr. sold 24,643 shares of the firm’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $4.78, for a total transaction of $117,793.54. Following the sale, the vice president directly owned 26,000 shares in the company, valued at $124,280. This trade represents a 48.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 44.26% of the stock is currently owned by insiders.

Institutional Trading of Koss

A hedge fund recently bought a new stake in Koss stock. Jane Street Group LLC bought a new position in shares of Koss Corporation (NASDAQ:KOSS) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 16,982 shares of the company’s stock, valued at approximately $125,000. Jane Street Group LLC owned about 0.18% of Koss at the end of the most recent reporting period. Hedge funds and other institutional investors own 6.21% of the company’s stock.

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.