Kopin Co. (NASDAQ:KOPN) Short Interest Down 12.3% in November

Kopin Co. (NASDAQ:KOPN) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 1,930,000 shares, a decline of 12.3% from the October 31st total of 2,200,000 shares. Based on an average trading volume of 1,210,000 shares, the short-interest ratio is currently 1.6 days.

Analysts Set New Price Targets

A number of research analysts have weighed in on KOPN shares. Stifel Nicolaus cut their target price on shares of Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Friday, August 9th. HC Wainwright reissued a “buy” rating and set a $3.00 target price on shares of Kopin in a research report on Wednesday, November 13th. Finally, StockNews.com raised shares of Kopin from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th.

Kopin Stock Performance

Kopin stock traded up $0.01 during trading hours on Monday, hitting $1.19. 1,535,428 shares of the stock were exchanged, compared to its average volume of 1,480,158. The stock has a market capitalization of $188.97 million, a P/E ratio of -2.88 and a beta of 2.60. Kopin has a 12 month low of $0.56 and a 12 month high of $2.82. The business’s 50-day moving average is $0.81 and its two-hundred day moving average is $0.86.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The firm had revenue of $13.32 million for the quarter, compared to analysts’ expectations of $12.73 million. During the same period in the prior year, the firm earned ($0.02) earnings per share. On average, equities analysts predict that Kopin will post -0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kopin

Several large investors have recently bought and sold shares of KOPN. Royce & Associates LP lifted its holdings in Kopin by 485.4% in the third quarter. Royce & Associates LP now owns 6,693,294 shares of the company’s stock valued at $4,886,000 after buying an additional 5,550,000 shares during the period. Renaissance Technologies LLC lifted its holdings in Kopin by 494.4% in the second quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock valued at $711,000 after buying an additional 703,740 shares during the period. Stifel Financial Corp lifted its holdings in Kopin by 303.7% in the third quarter. Stifel Financial Corp now owns 626,413 shares of the company’s stock valued at $457,000 after buying an additional 471,258 shares during the period. Affinity Capital Advisors LLC bought a new stake in Kopin in the third quarter valued at approximately $54,000. Finally, Virtu Financial LLC increased its stake in Kopin by 329.4% in the first quarter. Virtu Financial LLC now owns 77,916 shares of the company’s stock valued at $140,000 after purchasing an additional 59,770 shares in the last quarter. 30.96% of the stock is currently owned by institutional investors and hedge funds.

About Kopin

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.