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

Kopin Co. (NASDAQ:KOPN) was the recipient of a large drop in short interest in 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 volume of 1,440,000 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On Kopin

Several institutional investors have recently modified their holdings of KOPN. Barclays PLC bought a new stake in shares of Kopin in the 3rd quarter valued at about $93,000. Citigroup Inc. acquired a new stake in Kopin during the 3rd quarter worth $271,000. Silverberg Bernstein Capital Management LLC bought a new position in Kopin during the fourth quarter worth about $1,297,000. Weybosset Research & Management LLC grew its stake in Kopin by 18.0% in the fourth quarter. Weybosset Research & Management LLC now owns 239,383 shares of the company’s stock valued at $486,000 after acquiring an additional 36,527 shares during the period. Finally, Murphy Pohlad Asset Management LLC increased its holdings in shares of Kopin by 246.5% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 59,600 shares of the company’s stock worth $121,000 after acquiring an additional 42,400 shares in the last quarter. Institutional investors and hedge funds own 30.96% of the company’s stock.

Kopin Stock Performance

KOPN traded up $0.04 during mid-day trading on Friday, reaching $0.84. The stock had a trading volume of 776,085 shares, compared to its average volume of 736,949. The firm’s fifty day simple moving average is $0.80 and its two-hundred day simple moving average is $1.61. The stock has a market capitalization of $99.47 million, a P/E ratio of -2.00 and a beta of 2.57. Kopin has a 52 week low of $0.67 and a 52 week high of $2.82.

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on KOPN. Lake Street Capital assumed coverage on Kopin in a research note on Tuesday, June 18th. They issued a “buy” rating and a $2.50 price objective on the stock. HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of Kopin in a report on Wednesday, May 15th. Finally, StockNews.com raised shares of Kopin to a “sell” rating in a research note 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.