Short Interest in Koss Co. (NASDAQ:KOSS) Increases By 10.7%

Koss Co. (NASDAQ:KOSS) was the recipient of a large growth in short interest during the month of 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. Currently, 4.9% of the shares of the company are sold short. Based on an average daily trading volume, of 152,000 shares, the days-to-cover ratio is currently 1.7 days.

Koss Trading Up 1.1 %

KOSS traded up $0.07 during midday trading on Monday, reaching $6.56. The company’s stock had a trading volume of 46,112 shares, compared to its average volume of 73,676. The stock has a market cap of $61.34 million, a P/E ratio of -82.00 and a beta of -0.65. The company has a fifty day simple moving average of $7.04 and a 200 day simple moving average of $7.28. Koss has a twelve month low of $2.27 and a twelve month high of $18.73.

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 return on equity of 2.42% and a negative net margin of 6.10%.

Analysts Set New Price Targets

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

Institutional Trading of Koss

A number of hedge funds have recently modified their holdings of the company. Geode Capital Management LLC lifted its position in shares of Koss by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 61,211 shares of the company’s stock worth $452,000 after buying an additional 1,744 shares during the period. Citadel Advisors LLC bought a new position in Koss in the 4th quarter valued at $212,000. Jane Street Group LLC bought a new position in Koss in the 4th quarter valued at $125,000. Marshall Wace LLP bought a new position in Koss in the 4th quarter valued at $447,000. Finally, Virtu Financial LLC bought a new position in Koss in the 4th quarter valued at $92,000. 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.