Kopin Co. (NASDAQ:KOPN) Short Interest Update

Kopin Co. (NASDAQ:KOPN) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 3,980,000 shares, a growth of 108.4% from the January 15th total of 1,910,000 shares. Based on an average trading volume of 4,580,000 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On Kopin

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. acquired a new stake in Kopin in the 4th quarter worth $25,000. O Connor Financial Group LLC acquired a new stake in Kopin during the fourth quarter worth about $28,000. One68 Global Capital LLC bought a new position in Kopin during the fourth quarter valued at about $30,000. Prudential Financial Inc. acquired a new position in Kopin in the 4th quarter valued at approximately $37,000. Finally, FMR LLC lifted its position in shares of Kopin by 101,059.6% in the 3rd quarter. FMR LLC now owns 57,661 shares of the company’s stock worth $42,000 after acquiring an additional 57,604 shares during the period. Institutional investors own 30.96% of the company’s stock.

Kopin Stock Performance

KOPN stock opened at $1.66 on Friday. The company has a 50-day moving average of $1.45 and a two-hundred day moving average of $1.07. Kopin has a 52-week low of $0.56 and a 52-week high of $2.80.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. The company had revenue of $13.32 million during the quarter, compared to analyst estimates of $12.73 million. During the same period in the previous year, the company earned ($0.02) earnings per share. Equities analysts anticipate that Kopin will post -0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KOPN has been the topic of a number of recent research reports. HC Wainwright restated a “buy” rating and set a $3.00 price target on shares of Kopin in a report on Wednesday, November 13th. Canaccord Genuity Group raised their target price on Kopin from $2.00 to $2.50 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, StockNews.com lowered Kopin from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2.63.

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.