Koss Corporation (NASDAQ:KOSS) Short Interest Down 31.1% in December

Koss Corporation (NASDAQ:KOSS) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 90,268 shares, a decrease of 31.1% from the November 30th total of 130,957 shares. Based on an average trading volume of 25,440 shares, the short-interest ratio is currently 3.5 days. Approximately 1.7% of the company’s stock are sold short. Approximately 1.7% of the company’s stock are sold short. Based on an average trading volume of 25,440 shares, the short-interest ratio is currently 3.5 days.

Koss Stock Performance

Shares of KOSS stock traded down $0.18 during trading hours on Monday, reaching $4.31. The company had a trading volume of 26,281 shares, compared to its average volume of 32,691. The business has a fifty day moving average price of $4.74 and a 200-day moving average price of $5.22. Koss has a one year low of $4.00 and a one year high of $8.59. The firm has a market cap of $40.77 million, a PE ratio of -431.00 and a beta of -1.99.

Koss (NASDAQ:KOSS) last issued its earnings results on Thursday, October 30th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $4.07 million for the quarter. Koss had a negative net margin of 1.57% and a negative return on equity of 0.69%.

Institutional Trading of Koss

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KOSS. Dimensional Fund Advisors LP raised its position in Koss by 118.5% in the third quarter. Dimensional Fund Advisors LP now owns 23,342 shares of the company’s stock worth $119,000 after acquiring an additional 12,661 shares during the period. Susquehanna International Group LLP bought a new stake in shares of Koss during the 3rd quarter valued at $74,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Koss in the 3rd quarter worth $68,000. 6.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Koss in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Koss currently has a consensus rating of “Sell”.

About Koss

Koss Corporation is an American manufacturer of high-fidelity audio equipment, best known for pioneering the first stereo headphone for personal music listening. Headquartered in Milwaukee, Wisconsin, the company designs, markets and sells a range of headphones and earphones for consumer, professional and industrial applications.

The company’s product lineup includes over-ear and on-ear stereo headphones, in-ear monitors, wireless Bluetooth models and noise-cancelling designs. In addition to personal audio devices, Koss offers reference and studio monitoring headphones for broadcast, recording and DJ use.