Kopin Co. (NASDAQ:KOPN) Short Interest Update

Kopin Co. (NASDAQ:KOPN) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 2,740,000 shares, a growth of 17.1% from the September 15th total of 2,340,000 shares. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is currently 2.3 days.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on KOPN shares. Lake Street Capital assumed coverage on shares of Kopin in a research note on Tuesday, June 18th. They issued a “buy” rating and a $2.50 price target for the company. StockNews.com raised Kopin from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Stifel Nicolaus cut their target price on Kopin from $3.00 to $2.50 and set a “buy” rating on the stock in a report on Friday, August 9th.

Kopin Stock Performance

NASDAQ KOPN traded up $0.00 during trading on Wednesday, hitting $0.72. 83,395 shares of the company’s stock traded hands, compared to its average volume of 1,537,132. The stock has a market capitalization of $85.23 million, a price-to-earnings ratio of -1.71 and a beta of 2.60. Kopin has a 12-month low of $0.56 and a 12-month high of $2.82. The business has a 50 day moving average of $0.84 and a 200-day moving average of $0.93.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate 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 quarter last year, the firm posted ($0.07) earnings per share. On average, analysts expect that Kopin will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. AMG National Trust Bank lifted its holdings in shares of Kopin by 10.5% during the 2nd quarter. AMG National Trust Bank now owns 105,000 shares of the company’s stock worth $88,000 after acquiring an additional 10,000 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Kopin in the first quarter worth $26,000. Staley Capital Advisers Inc. purchased a new stake in Kopin during the first quarter valued at about $32,000. Northside Capital Management LLC bought a new position in shares of Kopin during the first quarter valued at about $36,000. Finally, O Connor Financial Group LLC purchased a new position in shares of Kopin in the first quarter worth about $36,000. 30.96% of the stock is currently owned by institutional investors.

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.