Do Hedge Funds Love Kopin Corporation (KOPN)?

Since Kopin Corporation (NASDAQ: KOPN) has experienced a bearish sentiment from hedge fund managers, we can see that there was a specific group of hedge funds who sold off their full holdings by the end of the third quarter. At the top of the heap, David S. Winter and David J. Millstone’s 40 North Management said goodbye to the biggest investment of the “upper crust” of funds monitored by Insider Monkey, worth close to $1.2 million in stock, and Matthew Hulsizer of PEAK6 Capital Management was right behind this move, as the fund dropped about $0.1 million worth of shares. These bearish behaviors are important to note, as aggregate hedge fund interest dropped by 1 fund by the end of the third quarter.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Kopin Corporation (NASDAQ:KOPN) but similarly valued. These stocks are Solazyme Inc (NASDAQ:SZYM), Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN), EXCO Resources Inc (NYSE:XCO), and LSI Industries, Inc. (NASDAQ:LYTS). This group of stock market valuations resembles Kopin Corporation (NASDAQ:KOPN)’s market valuation.

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $36 million. That figure was $29 million in Kopin Corporation (NASDAQ:KOPN)’s case. EXCO Resources Inc (NYSE:XCO) is the most popular stock in this table, while Xinyuan Real Estate Co., Ltd. (ADR) (NYSE:XIN) is the least popular one. Even though, Kopin Corporation (NASDAQ: KOPN) is not the least popular stock in this group, hedge fund interest is still below average, which may indicate that the best choice for a long position, among the stocks in this group, is EXCO Resources Inc (NYSE:XCO).