Koss Co. (NASDAQ:KOSS) Short Interest Up 10.7% in January

Koss Co. (NASDAQ:KOSS) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 258,700 shares, an increase 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 volume of 152,000 shares, the days-to-cover ratio is presently 1.7 days.

Koss Trading Up 1.1 %

KOSS stock traded up $0.07 during trading on Monday, hitting $6.56. 46,112 shares of the stock traded hands, compared to its average volume of 73,676. Koss has a one year low of $2.27 and a one year high of $18.73. The stock has a market cap of $61.34 million, a price-to-earnings ratio of -82.00 and a beta of -0.65. The company has a 50 day simple moving average of $7.04 and a 200 day simple moving average of $7.28.

Koss (NASDAQ:KOSS) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.01 earnings per share for the quarter. Koss had a negative net margin of 6.10% and a negative return on equity of 2.42%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Koss

Several institutional investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new position in Koss during the fourth quarter valued at approximately $212,000. Jane Street Group LLC bought a new position in Koss in the fourth quarter valued at approximately $125,000. Marshall Wace LLP bought a new position in Koss in the fourth quarter valued at approximately $447,000. Virtu Financial LLC bought a new position in Koss in the fourth quarter valued at approximately $92,000. Finally, Geode Capital Management LLC lifted its stake in Koss by 2.9% in the third quarter. Geode Capital Management LLC now owns 61,211 shares of the company’s stock valued at $452,000 after buying an additional 1,744 shares in the last quarter. Institutional investors and hedge funds 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.