Rise in KOPN’s short interest indicates Bearish sentiment


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Kopin Corporation shares valued at $31,446 were purchased by FAN JOHN C C on May 17. At $1.35 per share, FAN JOHN C C acquired 23,293 shares. The insider’s holdings grew to 5,531,099 shares worth approximately $8.85 million following the completion of this transaction.

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Also, FAN JOHN C C purchased 25,000 shares, netting a total of over 31,250 in proceeds. Following the buying of shares at $1.25 each, the insider now holds 5,507,806 shares.

Before that, BREWINGTON JAMES K had added 5,000 shares to its account. In a trade valued at $6,750, the Director bought Kopin Corporation shares for $1.35 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $0.18 million.

Analyzing KOPN Stock Performance

On Thursday, Kopin Corporation [NASDAQ: KOPN] rose 8.84% to $1.60. The stock’s lowest price that day was $1.45, but it reached a high of $1.69 in the same session. During the last five days, there has been a drop of approximately -1.23%. Over the course of the year, Kopin Corporation shares have jumped approximately 29.03%. Shares of the company reached a 52-week high of $1.7400 on 01/13/23 and a 52-week low of $0.9400 on 03/17/23. A 50-day SMA is recorded $1.0942, while a 200-day SMA reached $1.2278. Nevertheless, trading volume fell to 0.92 million shares from 0.46 million shares the previous day.

Support And Resistance Levels for Kopin Corporation (KOPN)

According to the 24-hour chart, there is a support level at 1.4700, which, if violated, would cause prices to drop to 1.3400. In the upper region, resistance lies at 1.7100. The next price resistance is at 1.8200. RSI (Relative Strength Index) is 70.47 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.1756, which suggests the price will decrease in the coming days. Percent R is at 12.78%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Kopin Corporation subject to short interest?

Stocks of Kopin Corporation saw a sharp rise in short interest on May 14, 2023 jumping by 33020.0 shares to 0.78 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 0.74 million shares. A jump of 4.24% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.26 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.26.

Which companies own the most shares of Kopin Corporation (KOPN)?

According to AWM Investment Co., Inc. filings, the company currently owns 8,286,124 shares, which is about 7.43% of the total KOPN shares outstanding. The investor’s shares have appreciated by 6,839,378 from its previous 13-F filing of 1446746.0 shares. With the completion of the buy transaction, Archon Capital Management LLC’s stake is now worth $6,638,284. The Vanguard Group, Inc. acquire a 21.00% interest valued at $5.13 million while D. E. Shaw & Co. LP purchased a 43,385 stake. A total of -64,742 shares of Kopin Corporation were bought by BlackRock Fund Advisors during the quarter, and 150,436 were bought by Essex Investment Management Co. L. In its current portfolio, Geode Capital Management LLC holds 857,089 shares valued at $0.89 million.

In terms of Kopin Corporation share price expectations, FactSet research, analysts set an average price target of $3.00 in the next 12 months, up nearly 104.08% from the previous closing price of $1.47. Analysts anticipate Kopin Corporation stock to reach $3.00 by 2023, with the lowest price target being $3.00. In spite of this, 2 analysts ranked Kopin Corporation stock as a Buy at the end of 2023.


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