Kopin Co. (NASDAQ:KOPN – Get Rating) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 2,820,000 shares, an increase of 28.8% from the August 15th total of 2,190,000 shares. Approximately 3.4% of the company's stock are sold short. Based on an average daily volume of 1,100,000 shares, the short-interest ratio is presently 2.6 days.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of Kopin from a "hold" rating to a "sell" rating in a report on Saturday, May 21st.
Get Kopin alerts:Kopin Trading Down 0.8 %
Kopin stock opened at $1.23 on Friday. Kopin has a 12 month low of $1.02 and a 12 month high of $7.02. The stock has a fifty day simple moving average of $1.47 and a two-hundred day simple moving average of $1.64. The firm has a market cap of $115.17 million, a price-to-earnings ratio of -8.79 and a beta of 2.40.
Institutional Investors Weigh In On Kopin
Several large investors have recently bought and sold shares of KOPN. Edge Wealth Management LLC bought a new position in shares of Kopin during the 1st quarter valued at $25,000. 55I LLC purchased a new position in Kopin in the first quarter worth about $27,000. Patriot Financial Group Insurance Agency LLC boosted its position in Kopin by 2,625.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 10,900 shares of the company's stock worth $28,000 after purchasing an additional 10,500 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Kopin during the 1st quarter valued at about $30,000. Finally, Cetera Advisors LLC purchased a new stake in shares of Kopin during the 1st quarter valued at about $38,000. 22.44% of the stock is currently owned by institutional investors.About Kopin
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Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, head-mounted and hand-held systems, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally.
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