Kopin Co. (NASDAQ:KOPN – Get Free Report) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 1,910,000 shares, a decline of 17.0% from the May 31st total of 2,300,000 shares. Based on an average trading volume of 1,440,000 shares, the days-to-cover ratio is presently 1.3 days.
Institutional Investors Weigh In On Kopin
Large investors have recently made changes to their positions in the company. EntryPoint Capital LLC bought a new stake in shares of Kopin in the 1st quarter worth about $26,000. Sound View Wealth Advisors Group LLC bought a new stake in shares of Kopin in the 4th quarter worth about $32,000. Atria Wealth Solutions Inc. bought a new stake in shares of Kopin in the 4th quarter worth about $35,000. Staley Capital Advisers Inc. bought a new stake in shares of Kopin in the 1st quarter worth about $32,000. Finally, Northside Capital Management LLC acquired a new position in Kopin during the 1st quarter worth about $36,000. Institutional investors own 30.96% of the company’s stock.
Kopin Stock Up 11.6 %
Kopin stock traded up $0.09 on Tuesday, hitting $0.89. The company’s stock had a trading volume of 1,471,135 shares, compared to its average volume of 1,781,962. The firm has a market cap of $104.81 million, a P/E ratio of -2.11 and a beta of 2.65. The company has a fifty day moving average price of $0.79 and a 200-day moving average price of $1.60. Kopin has a one year low of $0.67 and a one year high of $2.82.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on KOPN shares. Lake Street Capital started coverage on shares of Kopin in a research report on Tuesday, June 18th. They set a “buy” rating and a $2.50 target price on the stock. HC Wainwright reissued a “buy” rating and issued a $3.00 price target on shares of Kopin in a report on Wednesday, May 15th. Finally, StockNews.com raised shares of Kopin to a “sell” rating in a report on Monday, May 20th.
View Our Latest Report on Kopin
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.
Recommended Stories
- Five stocks we like better than Kopin
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- RXO Shares Surge Following New Acquisition Deal
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- 3 Stock Dips Insiders Are Buying: Vestis, Shenandoah, Treace
- What is the Euro STOXX 50 Index?
- Biotech Stock Breakout: IBB Eyes Resistance with Amgen and Vertex
Receive News & Ratings for Kopin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kopin and related companies with MarketBeat.com's FREE daily email newsletter.