Kopin Co. (NASDAQ:KOPN) Short Interest Down 17.0% in June

Kopin Co. (NASDAQ:KOPN) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 1,910,000 shares, a drop of 17.0% from the May 31st total of 2,300,000 shares. Based on an average daily trading volume, of 1,440,000 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of Kopin

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Silverberg Bernstein Capital Management LLC bought a new stake in shares of Kopin during the 4th quarter worth about $1,297,000. Weybosset Research & Management LLC raised its position in shares of Kopin by 18.0% during the 4th quarter. Weybosset Research & Management LLC now owns 239,383 shares of the company’s stock worth $486,000 after buying an additional 36,527 shares in the last quarter. Citigroup Inc. acquired a new position in shares of Kopin in the 3rd quarter worth approximately $271,000. Virtu Financial LLC grew its stake in shares of Kopin by 329.4% in the 1st quarter. Virtu Financial LLC now owns 77,916 shares of the company’s stock worth $140,000 after purchasing an additional 59,770 shares during the last quarter. Finally, Barclays PLC acquired a new position in shares of Kopin in the 3rd quarter worth approximately $93,000. 30.96% of the stock is currently owned by institutional investors.

Kopin Trading Up 11.6 %

NASDAQ:KOPN traded up $0.09 during mid-day trading on Tuesday, hitting $0.89. The stock had a trading volume of 1,471,135 shares, compared to its average volume of 1,781,962. The stock has a market capitalization of $104.81 million, a price-to-earnings ratio of -2.11 and a beta of 2.65. The company has a 50 day simple moving average of $0.79 and a 200-day simple moving average of $1.60. Kopin has a 52 week low of $0.67 and a 52 week high of $2.82.

Kopin (NASDAQ:KOPN) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Kopin had a negative return on equity of 94.96% and a negative net margin of 125.20%. The company had revenue of $10.03 million for the quarter, compared to the consensus estimate of $8.96 million. During the same quarter last year, the firm posted ($0.03) earnings per share. As a group, equities research analysts anticipate that Kopin will post -0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KOPN has been the topic of a number of recent research reports. HC Wainwright restated a “buy” rating and issued a $3.00 price target on shares of Kopin in a research report on Wednesday, May 15th. Lake Street Capital assumed coverage on shares of Kopin in a research report on Tuesday, June 18th. They issued a “buy” rating and a $2.50 price objective on the stock. Finally, StockNews.com upgraded shares of Kopin to a “sell” rating in a research report on Monday, May 20th.

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.