Koss Corporation (NASDAQ:KOSS) Sees Large Decrease in Short Interest

Key Points

• Koss Corporation experienced a 19.3% decline in short interest in August, with total short interest falling to 199,800 shares.
• The company reported a quarterly revenue of $3.08 million and an earnings per share (EPS) of ($0.02) for the quarter ending August 28th.
• VP Michael J. Koss, Jr. sold 24,643 shares of Koss stock, decreasing his ownership by 48.66% in the transaction.

Koss Corporation (NASDAQ:KOSS - Get Free Report) saw a significant decline in short interest in August. As of August 15th, there was short interest totaling 199,800 shares, a decline of 19.3% from the July 31st total of 247,700 shares. Approximately 3.8% of the company's stock are short sold. Based on an average trading volume of 182,000 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 182,000 shares, the short-interest ratio is presently 1.1 days. Approximately 3.8% of the company's stock are short sold.

Institutional Trading of Koss

A hedge fund recently bought a new stake in Koss stock. Citadel Advisors LLC acquired a new stake in Koss Corporation (NASDAQ:KOSS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 28,725 shares of the company's stock, valued at approximately $212,000. Citadel Advisors LLC owned approximately 0.31% of Koss as of its most recent filing with the SEC. 6.21% of the stock is currently owned by institutional investors.

Koss Stock Down 0.5%

KOSS stock traded down $0.03 during trading hours on Friday, hitting $5.69. The company's stock had a trading volume of 30,561 shares, compared to its average volume of 73,902. The company has a market capitalization of $53.83 million, a PE ratio of -63.22 and a beta of -1.66. Koss has a 12 month low of $4.00 and a 12 month high of $8.59. The stock has a 50 day moving average price of $5.74 and a two-hundred day moving average price of $5.31.

Koss (NASDAQ:KOSS - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The company reported ($0.02) earnings per share for the quarter. Koss had a negative return on equity of 2.85% and a negative net margin of 6.94%.The firm had revenue of $3.08 million during the quarter.

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.