Short Interest in Koss Co. (NASDAQ:KOSS) Rises By 50.0%

Koss Co. (NASDAQ:KOSS) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 493,500 shares, a growth of 50.0% from the August 15th total of 329,100 shares. Approximately 9.5% of the shares of the company are sold short. Based on an average trading volume of 3,060,000 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Koss in a research note on Friday, June 21st. They set a “sell” rating for the company.

Koss Stock Performance

NASDAQ:KOSS opened at $7.43 on Monday. Koss has a fifty-two week low of $2.27 and a fifty-two week high of $18.73. The company has a market cap of $69.10 million, a price-to-earnings ratio of -61.92 and a beta of -0.73. The stock has a fifty day moving average price of $8.41 and a 200-day moving average price of $5.34.

Hedge Funds Weigh In On Koss

An institutional investor recently raised its position in Koss stock. Dimensional Fund Advisors LP raised its stake in Koss Co. (NASDAQ:KOSS) by 7.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 145,958 shares of the company’s stock after buying an additional 9,813 shares during the period. Dimensional Fund Advisors LP owned about 1.58% of Koss worth $650,000 as of its most recent SEC filing. 6.21% of the stock is owned by institutional investors and hedge funds.

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.