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

Koss Co. (NASDAQ:KOSS) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 421,400 shares, a decrease of 13.8% from the September 30th total of 489,000 shares. Currently, 8.1% of the shares of the company are sold short. Based on an average trading volume of 307,800 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Trading of Koss

A hedge fund recently raised its stake in Koss stock. Dimensional Fund Advisors LP raised its position in Koss Co. (NASDAQ:KOSS) by 7.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,958 shares of the company’s stock after purchasing an additional 9,813 shares during the quarter. Dimensional Fund Advisors LP owned about 1.58% of Koss worth $650,000 as of its most recent filing with the Securities and Exchange Commission. 6.21% of the stock is currently owned by institutional investors and hedge funds.

Koss Stock Down 1.2 %

KOSS stock traded down $0.09 during midday trading on Thursday, reaching $7.14. The company had a trading volume of 88,905 shares, compared to its average volume of 1,235,983. The firm has a market capitalization of $66.08 million, a PE ratio of -59.33 and a beta of -0.74. The stock has a 50 day moving average price of $7.51 and a 200 day moving average price of $6.41. Koss has a fifty-two week low of $2.27 and a fifty-two week high of $18.73.

Koss (NASDAQ:KOSS) last issued its quarterly earnings data on Thursday, August 29th. The company reported ($0.01) EPS for the quarter. The company had revenue of $2.89 million for the quarter. Koss had a negative return on equity of 3.05% and a negative net margin of 7.75%.

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.