Kopin Corporation (NASDAQ:KOPN) Short Interest Update

Kopin Corporation (NASDAQ:KOPN) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 15,292,319 shares, a growth of 20.6% from the December 15th total of 12,679,546 shares. Based on an average daily volume of 3,565,222 shares, the days-to-cover ratio is currently 4.3 days. Approximately 8.6% of the shares of the company are sold short. Approximately 8.6% of the shares of the company are sold short. Based on an average daily volume of 3,565,222 shares, the days-to-cover ratio is currently 4.3 days.

Institutional Investors Weigh In On Kopin

A number of institutional investors and hedge funds have recently modified their holdings of KOPN. AE Wealth Management LLC increased its stake in Kopin by 68.7% in the 3rd quarter. AE Wealth Management LLC now owns 16,873 shares of the company’s stock valued at $41,000 after purchasing an additional 6,873 shares in the last quarter. Fisher Asset Management LLC boosted its position in Kopin by 19.0% during the second quarter. Fisher Asset Management LLC now owns 65,875 shares of the company’s stock worth $101,000 after purchasing an additional 10,515 shares in the last quarter. Bravias Capital Group LLC acquired a new stake in Kopin in the third quarter valued at $32,000. Russell Investments Group Ltd. purchased a new position in shares of Kopin in the third quarter valued at $33,000. Finally, Prudential Financial Inc. purchased a new position in shares of Kopin in the second quarter valued at $25,000. Institutional investors and hedge funds own 30.96% of the company’s stock.

Kopin Trading Up 11.5%

Shares of NASDAQ:KOPN traded up $0.34 on Monday, reaching $3.30. 13,940,000 shares of the company were exchanged, compared to its average volume of 2,923,915. The company has a 50-day moving average of $2.57 and a 200-day moving average of $2.51. The firm has a market cap of $602.28 million, a price-to-earnings ratio of -82.50 and a beta of 2.70. Kopin has a 1-year low of $0.71 and a 1-year high of $4.16.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. The firm had revenue of $11.96 million during the quarter, compared to analysts’ expectations of $13.89 million. Kopin had a negative net margin of 13.81% and a negative return on equity of 30.97%. As a group, analysts forecast that Kopin will post -0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on KOPN. Canaccord Genuity Group upped their price target on Kopin from $3.00 to $3.25 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Wall Street Zen upgraded shares of Kopin from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Kopin in a research note on Wednesday, October 8th. Lake Street Capital boosted their price target on shares of Kopin from $3.00 to $4.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Craig Hallum started coverage on shares of Kopin in a report on Wednesday, October 22nd. They set a “buy” rating and a $6.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Kopin presently has an average rating of “Moderate Buy” and a consensus target price of $4.69.

About Kopin

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.