Koss Co. (NASDAQ:KOSS) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 9,200 shares, a drop of 46.2% from the August 30th total of 17,100 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 32,600 shares, the days-to-cover ratio is presently 0.3 days.
Separately, ValuEngine raised shares of Koss from a “hold” rating to a “buy” rating in a research report on Friday, October 4th.
Shares of NASDAQ:KOSS traded down $0.01 during trading on Friday, reaching $1.95. The stock had a trading volume of 2,960 shares, compared to its average volume of 7,384. Koss has a 52 week low of $1.73 and a 52 week high of $2.90. The firm has a market capitalization of $14.89 million, a price-to-earnings ratio of 33.52 and a beta of 0.38. The stock has a fifty day simple moving average of $1.98 and a two-hundred day simple moving average of $2.02.
Koss (NASDAQ:KOSS) last released its quarterly earnings results on Thursday, August 22nd. The company reported $0.01 EPS for the quarter. Koss had a net margin of 1.95% and a return on equity of 2.89%. The company had revenue of $5.79 million for the quarter.
Koss Corporation, together with its subsidiaries, designs, manufactures, and sells stereo headphones and related accessories in the United States, People's Republic of China, Czech Republic, Sweden, Malaysia, Canada, Russia, 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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