Koss Co. (NASDAQ:KOSS) Short Interest Down 31.9% in March

Koss Co. (NASDAQ:KOSS) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 10,900 shares, a decline of 31.9% from the February 29th total of 16,000 shares. Based on an average daily trading volume, of 15,600 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Koss in a research note on Monday. They issued a “hold” rating for the company.

Koss Stock Performance

KOSS stock remained flat at $2.57 during trading on Friday. 10,972 shares of the company traded hands, compared to its average volume of 18,774. The company has a fifty day moving average price of $2.67 and a 200 day moving average price of $2.94. Koss has a 12-month low of $2.45 and a 12-month high of $4.80. The company has a market capitalization of $23.77 million, a PE ratio of -21.42 and a beta of -0.87.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. acquired a new position in shares of Koss during the 4th quarter valued at about $35,000. Citadel Advisors LLC acquired a new position in shares of Koss during the 2nd quarter valued at about $57,000. LPL Financial LLC increased its stake in shares of Koss by 43.9% during 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 acquired a new position in shares of Koss during the 2nd quarter valued at about $264,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Koss by 1.7% during 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. Institutional investors and hedge funds own 6.21% of the company’s stock.

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.