Short Interest in Koss Co. (NASDAQ:KOSS) Rises By 50.0%

Koss Co. (NASDAQ:KOSS) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 493,500 shares, an increase of 50.0% from the August 15th total of 329,100 shares. Based on an average trading volume of 3,060,000 shares, the short-interest ratio is presently 0.2 days. Currently, 9.5% of the company’s shares are sold short.

Institutional Investors Weigh In On Koss

An institutional investor recently raised its position in Koss stock. Dimensional Fund Advisors LP grew its stake in shares of Koss Co. (NASDAQ:KOSS) by 7.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145,958 shares of the company’s stock after purchasing an additional 9,813 shares during the quarter. Dimensional Fund Advisors LP owned about 1.58% of Koss worth $650,000 at the end of the most recent quarter. 6.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Koss in a report on Friday, June 21st. They set a “sell” rating on the stock.

Koss Trading Up 0.8 %

Shares of KOSS opened at $7.43 on Monday. Koss has a 1 year low of $2.27 and a 1 year high of $18.73. The stock has a market cap of $69.10 million, a P/E ratio of -61.92 and a beta of -0.73. The stock’s 50-day moving average price is $8.41 and its two-hundred day moving average price is $5.34.

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.