Hi,
For the moment, there is no option to choose the compression quality.
But the new Image Helper functions introduced in HikaShop 2.1 have this feature. We would update our different views in order to use the new functions.
If you want to change the compression level, you have to edit the Image Helper (administrator/com_hikashop/helpers/image.php) and change the line:
$status = imagejpeg($thumb,null,100);
With your compression level (replacing the "100").
Your modification would be a core file modification so, if you update HikaShop, you would loose your modification.
Regards,