Koss Corporation (NASDAQ:KOSS) stock is back in action, following the uptrend in GME and AMC stock.
At the time of writing, KOSS stock is up by a whopping 11.505 and trading at a session high of $18.83. A lot of Reddit-related stocks are moving higher as the WallstreetBets forums continue to pump up the prices of stocks with high short interest.
They try to push up the stock by asking each other to buy, so short-sellers would be forced to cover their position at some point and hence push up the prices of the stock further higher due to short covering.
KOSS stock is up almost 5005 so far this year, but still down 85% from its 52-week high of $127.45 in February.
KOSS’ Sales for the third quarter were $3,987,452, which is a 16.7% decrease from sales of $4,789,441 for the same three-month period one year ago. The three-month net loss was $474,168, compared to a net loss of $97,373 for the third quarter last year.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.