Kopin Co. (NASDAQ:KOPN) Short Interest Up 22.0% in March

Kopin Co. (NASDAQ:KOPN - Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 4,110,000 shares, a growth of 22.0% from the March 15th total of 3,370,000 shares. Currently, 2.8% of the company's stock are sold short. Based on an average daily volume of 5,200,000 shares, the short-interest ratio is currently 0.8 days.

Kopin Stock Performance

NASDAQ KOPN traded up $0.07 on Wednesday, hitting $1.15. 317,010 shares of the stock traded hands, compared to its average volume of 2,408,008. The business's fifty day moving average is $1.19 and its two-hundred day moving average is $1.18. Kopin has a 12 month low of $0.56 and a 12 month high of $2.17. The firm has a market capitalization of $181.83 million, a price-to-earnings ratio of -2.79 and a beta of 3.24.

Kopin (NASDAQ:KOPN - Get Free Report) last posted its earnings results on Thursday, April 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $14.65 million for the quarter, compared to the consensus estimate of $11.15 million. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. During the same quarter in the prior year, the business posted ($0.04) earnings per share. Analysts expect that Kopin will post -0.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com raised Kopin from a "sell" rating to a "hold" rating in a report on Friday, April 18th. Canaccord Genuity Group reduced their target price on Kopin from $2.50 to $2.25 and set a "buy" rating for the company in a report on Monday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Kopin has a consensus rating of "Moderate Buy" and a consensus price target of $2.56.

Institutional Investors Weigh In On Kopin

Several institutional investors have recently made changes to their positions in the stock. Millennium Management LLC lifted its position in shares of Kopin by 6.3% during the fourth quarter. Millennium Management LLC now owns 279,459 shares of the company's stock worth $380,000 after acquiring an additional 16,630 shares in the last quarter. Murphy Pohlad Asset Management LLC raised its position in shares of Kopin by 13.0% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 153,200 shares of the company's stock worth $208,000 after buying an additional 17,600 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Kopin in the fourth quarter worth $25,000. O Connor Financial Group LLC purchased a new stake in shares of Kopin in the fourth quarter worth $28,000. Finally, One68 Global Capital LLC purchased a new stake in shares of Kopin in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 30.96% of the company's stock.

Kopin Company Profile

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.