Kopin Co. (NASDAQ:KOPN) Short Interest Up 108.4% in January

Kopin Co. (NASDAQ:KOPN) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 3,980,000 shares, a growth of 108.4% from the January 15th total of 1,910,000 shares. Based on an average daily volume of 4,580,000 shares, the days-to-cover ratio is currently 0.9 days.

Kopin Price Performance

Shares of KOPN stock opened at $1.66 on Friday. Kopin has a 12-month low of $0.56 and a 12-month high of $2.80. The firm has a fifty day moving average of $1.45 and a 200-day moving average of $1.07.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. acquired a new stake in shares of Kopin during the fourth quarter worth $25,000. O Connor Financial Group LLC acquired a new stake in shares of Kopin in the 4th quarter valued at about $28,000. One68 Global Capital LLC acquired a new stake in shares of Kopin in the 4th quarter valued at about $30,000. Prudential Financial Inc. bought a new stake in shares of Kopin in the fourth quarter valued at about $37,000. Finally, FMR LLC boosted its position in shares of Kopin by 101,059.6% during the third quarter. FMR LLC now owns 57,661 shares of the company’s stock worth $42,000 after buying an additional 57,604 shares during the period. Institutional investors own 30.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on KOPN. StockNews.com lowered shares of Kopin from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. HC Wainwright reiterated a “buy” rating and issued a $3.00 price objective on shares of Kopin in a report on Wednesday, November 13th. Finally, Canaccord Genuity Group raised their target price on Kopin from $2.00 to $2.50 and gave the stock a “buy” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Kopin has a consensus rating of “Moderate Buy” and an average price target of $2.63.

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.