Short Interest in Kopin Co. (NASDAQ:KOPN) Expands By 23.1%
Kopin Co. (NASDAQ:KOPN) saw a 23.1% increase in short interest as of August 15, totaling 2,080,000 shares, up from 1,690,000 shares at the end of July. The days-to-cover ratio currently stands at 2.2 days based on an average daily volume of 934,100 shares. Furthermore, various analysts have provided mixed ratings on KOPN, with some lowering price targets and others issuing "buy" ratings. Institutional investors own approximately 30.96% of the stock, reflecting ongoing interest and investment in the company.
Kopin Co. (NASDAQ:KOPN - Get Free Report) was the target of a large growth in short interest in August. As of August 15th, there was short interest totalling 2,080,000 shares, a growth of 23.1% from the July 31st total of 1,690,000 shares. Based on an average daily volume of 934,100 shares, the days-to-cover ratio is currently 2.2 days.
Analyst Ratings Changes
- Kopin Corp is the Technology Seen Behind Smart AR Glasses
Several research firms have commented on KOPN. StockNews.com raised shares of Kopin to a "sell" rating in a research report on Monday, May 20th. Lake Street Capital began coverage on shares of Kopin in a research note on Tuesday, June 18th. They issued a "buy" rating and a $2.50 target price on the stock. Stifel Nicolaus decreased their price target on shares of Kopin from $3.00 to $2.50 and set a "buy" rating for the company in a research note on Friday, August 9th. Finally, HC Wainwright reiterated a "buy" rating and issued a $3.00 price objective on shares of Kopin in a research note on Wednesday, May 15th.
Check Out Our Latest Research Report on Kopin
Institutional Investors Weigh In On Kopin
- Beyond the Vision Pro: 3 Augmented Reality Small Caps to Watch
Several institutional investors have recently added to or reduced their stakes in KOPN. AMG National Trust Bank raised its holdings in Kopin by 10.5% in the 2nd quarter. AMG National Trust Bank now owns 105,000 shares of the company's stock worth $88,000 after purchasing an additional 10,000 shares in the last quarter. EntryPoint Capital LLC bought a new position in Kopin in the first quarter worth about $26,000. Sound View Wealth Advisors Group LLC purchased a new stake in Kopin in the fourth quarter worth about $32,000. Atria Wealth Solutions Inc. bought a new stake in Kopin during the 4th quarter valued at approximately $35,000. Finally, Staley Capital Advisers Inc. purchased a new position in shares of Kopin during the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 30.96% of the company's stock.
Kopin Stock Performance
Kopin stock traded down $0.04 during midday trading on Friday, hitting $0.97. 368,425 shares of the company's stock were exchanged, compared to its average volume of 611,147. The stock has a 50-day moving average price of $0.95 and a two-hundred day moving average price of $1.27. Kopin has a 52-week low of $0.67 and a 52-week high of $2.82. The company has a market cap of $117.00 million, a P/E ratio of -2.30 and a beta of 2.64.
- Kopin Stock is a Transformative AR/VR Component Play
Kopin (NASDAQ:KOPN - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). The company had revenue of $12.34 million during the quarter, compared to analysts' expectations 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 business earned ($0.07) earnings per share. As a group, sell-side analysts expect that Kopin will post -0.17 earnings per share for the current year.
Kopin Company Profile
(Get Free Report)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.
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