Kopin Co. (NASDAQ:KOPN) Short Interest Update

Kopin Co. (NASDAQ:KOPN) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 2,550,000 shares, a drop of 6.9% from the September 30th total of 2,740,000 shares. Based on an average trading volume of 1,040,000 shares, the days-to-cover ratio is currently 2.5 days.

Institutional Trading of Kopin

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Staley Capital Advisers Inc. purchased a new stake in Kopin during the 1st quarter valued at about $32,000. SG Americas Securities LLC purchased a new position in shares of Kopin during the 1st quarter valued at approximately $52,000. Texas Capital Bank Wealth Management Services Inc acquired a new position in Kopin during the first quarter worth $73,000. EntryPoint Capital LLC acquired a new stake in Kopin in the 1st quarter worth about $26,000. Finally, JT Stratford LLC acquired a new stake in Kopin during the 1st quarter worth $37,000. Institutional investors own 30.96% of the company’s stock.

Kopin Stock Performance

Shares of KOPN opened at $0.79 on Friday. The company’s fifty day moving average is $0.80 and its 200 day moving average is $0.86. Kopin has a fifty-two week low of $0.56 and a fifty-two week high of $2.82. The stock has a market capitalization of $95.71 million, a PE ratio of -1.98 and a beta of 2.60.

Kopin (NASDAQ:KOPN) last released its earnings results on Thursday, August 8th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The business had revenue of $12.34 million for the quarter, compared to the consensus estimate of $9.32 million. Kopin had a negative net margin of 114.11% and a negative return on equity of 131.82%. During the same period in the prior year, the company posted ($0.07) EPS. As a group, research analysts forecast that Kopin will post -0.17 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. StockNews.com cut Kopin from a “hold” rating to a “sell” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus cut their price objective on shares of Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, HC Wainwright reissued a “buy” rating and issued a $3.00 target price on shares of Kopin in a report on Monday, October 21st.

Kopin Company Profile

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.