Koss Co. (NASDAQ:KOSS) Short Interest Update

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Koss

Several large investors have recently made changes to their positions in KOSS. Dimensional Fund Advisors LP lifted its holdings in Koss by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 141,995 shares of the company’s stock worth $693,000 after buying an additional 2,330 shares in the last quarter. LPL Financial LLC grew its position in shares of Koss by 12.9% in the 4th quarter. LPL Financial LLC now owns 26,937 shares of the company’s stock valued at $133,000 after buying an additional 3,085 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Koss by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 231,044 shares of the company’s stock valued at $1,467,000 after buying an additional 6,651 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in Koss during the 4th quarter worth $35,000. Finally, Citadel Advisors LLC acquired a new stake in Koss during the 2nd quarter worth $57,000. 6.21% of the stock is currently owned by institutional investors and hedge funds.

Koss Stock Down 2.3 %

Shares of NASDAQ KOSS opened at $2.33 on Tuesday. The firm has a market cap of $21.51 million, a price-to-earnings ratio of -19.38 and a beta of -0.89. Koss has a 52-week low of $2.33 and a 52-week high of $4.70. The company’s 50-day simple moving average is $2.57 and its 200-day simple moving average is $2.89.

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

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.