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

Koss Co. (NASDAQ:KOSS - Get Free Report) was the recipient of a significant increase in short interest in 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. Based on an average trading volume of 152,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 4.9% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Koss

A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of 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 purchasing an additional 1,744 shares during the period. Marshall Wace LLP bought a new position in shares of Koss in the fourth quarter valued at approximately $447,000. Citadel Advisors LLC bought a new position in shares of Koss in the fourth quarter valued at approximately $212,000. Jane Street Group LLC bought a new position in shares of Koss in the fourth quarter valued at approximately $125,000. Finally, Virtu Financial LLC bought a new position in shares of Koss in the fourth quarter valued at approximately $92,000. Institutional investors own 6.21% of the company's stock.

Koss Stock Performance

KOSS remained flat at $6.18 during midday trading on Thursday. 63,225 shares of the company traded hands, compared to its average volume of 88,793. The stock has a market capitalization of $57.78 million, a P/E ratio of -77.25 and a beta of -0.65. The company's 50 day moving average price is $6.98 and its two-hundred day moving average price is $7.25. Koss has a 52-week low of $2.27 and a 52-week high of $18.73.

Koss (NASDAQ:KOSS - Get Free Report) last issued 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%.

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.