Koss Corporation (NASDAQ:KOSS) Short Interest Down 19.3% in August

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) was the recipient of a significant decline in short interest in the month of August. As of August 15th, there was short interest totaling 199,800 shares, adeclineof19.3% from the July 31st total of 247,700 shares. Approximately3.8% of the shares of the company are short sold. Based on an average daily trading volume, of 182,000 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 182,000 shares, the days-to-cover ratio is currently 1.1 days. Approximately3.8% of the shares of the company are short sold.

Koss Price Performance

KOSS opened at $6.06 on Tuesday. The business has a 50 day simple moving average of $5.69 and a two-hundred day simple moving average of $5.30. The firm has a market capitalization of $57.33 million, a price-to-earnings ratio of -67.33 and a beta of -1.66. Koss has a one year low of $4.00 and a one year high of $8.59.

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

Insider Activity

In other news, VP Michael J. Koss, Jr. sold 24,643 shares of Koss stock in a transaction on Friday, June 13th. The stock was sold at an average price of $4.78, for a total value of $117,793.54. Following the completion of the transaction, the vice president directly owned 26,000 shares in the company, valued at approximately $124,280. The trade was a 48.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 44.26% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Koss

An institutional investor recently bought a new position in Koss stock. Citadel Advisors LLC acquired a new stake in shares of Koss Corporation (NASDAQ:KOSS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,725 shares of the company's stock, valued at approximately $212,000. Citadel Advisors LLC owned 0.31% of Koss at the end of the most recent reporting period. Hedge funds and other institutional investors 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.

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