Short Interest in Kopin Co. (NASDAQ:KOPN) Rises By 108.4%

Kopin Co. (NASDAQ:KOPN - Get Free Report) was the recipient of a large growth in short interest in 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 short-interest ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KOPN shares. HC Wainwright reaffirmed a "buy" rating and set a $3.00 target price on shares of Kopin in a report on Wednesday, November 13th. StockNews.com lowered Kopin from a "hold" rating to a "sell" rating in a research note on Saturday, December 21st. Finally, Canaccord Genuity Group upped their target price on Kopin from $2.00 to $2.50 and gave the company a "buy" rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $2.63.

Kopin Price Performance

KOPN traded up $0.03 during trading on Monday, hitting $1.66. 2,290,629 shares of the stock traded hands, compared to its average volume of 10,145,810. The business has a 50 day moving average price of $1.46 and a 200 day moving average price of $1.07. Kopin has a twelve month low of $0.56 and a twelve month high of $2.80. The company has a market cap of $263.61 million, a price-to-earnings ratio of -4.05 and a beta of 2.73.

Institutional Trading of Kopin

Several institutional investors and hedge funds have recently modified their holdings of KOPN. Victory Capital Management Inc. bought a new position in Kopin in the fourth quarter valued at about $25,000. O Connor Financial Group LLC bought a new stake in shares of Kopin during the 4th quarter valued at approximately $28,000. One68 Global Capital LLC bought a new stake in shares of Kopin during the 4th quarter valued at approximately $30,000. Prudential Financial Inc. acquired a new position in Kopin during the 4th quarter worth approximately $37,000. Finally, Tower Research Capital LLC TRC lifted its stake in Kopin by 271.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 30,530 shares of the company's stock valued at $42,000 after purchasing an additional 22,316 shares during the last quarter. 30.96% of the stock is currently owned by institutional investors.

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.