Koss Co. (NASDAQ:KOSS – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 805,300 shares, an increase of 171.4% from the June 30th total of 296,700 shares. Based on an average daily volume of 3,690,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 15.6% of the company’s shares are sold short.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on Koss in a research note on Friday, June 21st. They set a “sell” rating for the company.
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Koss Price Performance
Shares of Koss stock traded up $0.20 during trading on Friday, hitting $9.42. 658,136 shares of the company’s stock traded hands, compared to its average volume of 1,691,651. The business has a 50-day simple moving average of $6.39 and a 200-day simple moving average of $4.05. Koss has a 1 year low of $2.27 and a 1 year high of $18.73. The stock has a market capitalization of $87.14 million, a P/E ratio of -78.50 and a beta of -0.62.
Koss (NASDAQ:KOSS – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $2.64 million for the quarter. Koss had a negative net margin of 8.85% and a negative return on equity of 3.53%.
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.
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