Kopin Co. (NASDAQ:KOPN) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totalling 6,019,100 shares, a decline of 24.9% from the June 15th total of 8,012,000 shares. Based on an average daily volume of 565,400 shares, the days-to-cover ratio is presently 10.6 days. Approximately 9.8% of the shares of the stock are short sold.

A number of research firms recently commented on KOPN. Zacks Investment Research raised Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $2.17.

KOPN stock remained flat at $$1.12 during midday trading on Friday. The company had a trading volume of 425,668 shares, compared to its average volume of 668,049. The stock has a market capitalization of $94.23 million, a PE ratio of -2.33 and a beta of 1.39. The stock has a fifty day moving average price of $1.15. Kopin has a fifty-two week low of $0.96 and a fifty-two week high of $3.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.71 and a quick ratio of 3.39.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.04). The company had revenue of $5.54 million during the quarter. Kopin had a negative net margin of 169.82% and a negative return on equity of 68.84%. On average, analysts anticipate that Kopin will post -0.35 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Weybosset Research & Management LLC bought a new position in Kopin in the first quarter valued at about $35,000. D. E. Shaw & Co. Inc. bought a new position in Kopin in the fourth quarter valued at about $47,000. Oppenheimer & Co. Inc. bought a new position in Kopin in the first quarter valued at about $61,000. Jane Street Group LLC bought a new position in Kopin in the fourth quarter valued at about $74,000. Finally, Arizona State Retirement System grew its position in Kopin by 10.4% in the second quarter. Arizona State Retirement System now owns 104,408 shares of the company’s stock valued at $114,000 after acquiring an additional 9,860 shares during the last quarter. 41.24% of the stock is owned by institutional investors and hedge funds.

About Kopin

Kopin Corporation invents, develops, manufactures, and sells various components and systems 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, application specific integrated circuits, backlights, optical lenses, and audio integrated circuits, as well as SOLOS smart glasses, which are hands-free head-worn devices that obtain information from sensors or the Internet via a smartphone and displays the information on the sunglass lens.

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