Koss Co. (NASDAQ:KOSS – Get Free Report) 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.
Read Our Latest Stock Report on KOSS
Koss Stock Performance
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 – Free Report) 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.
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