Koss Co. (NASDAQ:KOSS – Get Free Report) was the target of a significant growth in short interest during 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. Currently, 9.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,060,000 shares, the short-interest ratio is presently 0.2 days.
Koss Price Performance
KOSS stock opened at $7.43 on Monday. Koss has a 1 year low of $2.27 and a 1 year high of $18.73. The firm has a market capitalization of $69.10 million, a PE ratio of -61.92 and a beta of -0.73. The business has a 50 day simple moving average of $8.41 and a 200-day simple moving average of $5.34.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on shares of Koss in a research report on Friday, June 21st. They set a “sell” rating on the stock.
Hedge Funds Weigh In On Koss
A hedge fund recently raised its stake in Koss stock. Dimensional Fund Advisors LP increased its position in shares of Koss Co. (NASDAQ:KOSS – Free Report) by 7.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 145,958 shares of the company’s stock after acquiring an additional 9,813 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.58% of Koss worth $650,000 as of its most recent filing with the Securities and Exchange Commission. 6.21% of the stock is owned by institutional investors.
Koss Company Profile
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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