Koss Co. (NASDAQ:KOSS) Sees Significant Decrease in Short Interest

Koss Co. (NASDAQ:KOSS) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 9,800 shares, a decrease of 10.1% from the March 15th total of 10,900 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 15,000 shares, the short-interest ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Koss in a research report on Wednesday, April 10th. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. purchased a new position in shares of Koss in the 4th quarter valued at about $35,000. Citadel Advisors LLC purchased a new position in shares of Koss in the 2nd quarter valued at about $57,000. LPL Financial LLC increased its holdings in shares of Koss by 43.9% in the 2nd quarter. LPL Financial LLC now owns 23,852 shares of the company’s stock valued at $166,000 after acquiring an additional 7,280 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Koss in the 2nd quarter valued at about $264,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Koss by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 141,995 shares of the company’s stock valued at $693,000 after acquiring an additional 2,330 shares during the last quarter. Hedge funds and other institutional investors own 6.21% of the company’s stock.

Koss Stock Down 1.7 %

KOSS stock opened at $2.38 on Monday. The business’s 50-day moving average is $2.58 and its two-hundred day moving average is $2.89. Koss has a 1 year low of $2.34 and a 1 year high of $4.70.

Koss (NASDAQ:KOSS) last posted its quarterly earnings results on Thursday, February 1st. The company reported ($0.03) earnings per share (EPS) for the quarter. Koss had a negative net margin of 7.75% and a negative return on equity of 3.25%. The company had revenue of $3.36 million during the quarter.

About Koss

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.