Kopin Co. (NASDAQ:KOPN) Short Interest Up 22.0% in March

Kopin Co. (NASDAQ:KOPN - Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 4,110,000 shares, a growth of 22.0% from the March 15th total of 3,370,000 shares. Based on an average trading volume of 5,200,000 shares, the short-interest ratio is currently 0.8 days. Approximately 2.8% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of research analysts recently commented on KOPN shares. StockNews.com upgraded shares of Kopin from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Canaccord Genuity Group lowered their price target on Kopin from $2.50 to $2.25 and set a "buy" rating on the stock in a research report on Monday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Kopin has an average rating of "Moderate Buy" and an average target price of $2.56.

Kopin Trading Up 0.8 %

Shares of NASDAQ KOPN traded up $0.01 during midday trading on Friday, reaching $1.20. The company's stock had a trading volume of 1,453,907 shares, compared to its average volume of 2,335,304. Kopin has a one year low of $0.56 and a one year high of $2.17. The company has a market cap of $190.56 million, a price-to-earnings ratio of -2.93 and a beta of 3.24. The company has a 50 day moving average price of $1.17 and a 200 day moving average price of $1.19.

Kopin (NASDAQ:KOPN - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The firm had revenue of $14.65 million for the quarter, compared to analyst estimates of $11.15 million. During the same quarter in the previous year, the business posted ($0.04) earnings per share. Research analysts anticipate that Kopin will post -0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kopin

Institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. purchased a new position in Kopin in the 4th quarter worth about $25,000. O Connor Financial Group LLC acquired a new position in shares of Kopin in the fourth quarter worth about $28,000. One68 Global Capital LLC purchased a new position in shares of Kopin in the fourth quarter worth approximately $30,000. Prudential Financial Inc. acquired a new stake in shares of Kopin during the fourth quarter valued at approximately $37,000. Finally, FMR LLC lifted its position in shares of Kopin by 101,059.6% in the 3rd quarter. FMR LLC now owns 57,661 shares of the company's stock valued at $42,000 after acquiring an additional 57,604 shares in the last quarter. 30.96% of the stock is owned by institutional investors and hedge funds.

About Kopin

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.