eMagin Co. (NYSE:EMAN) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 387,058 shares, a decline of 11.2% from the April 28th total of 436,010 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily volume of 37,802 shares, the short-interest ratio is presently 10.2 days.

An institutional investor recently raised its position in eMagin stock. Vanguard Group Inc. raised its stake in shares of eMagin Co. (NYSE:EMAN) by 0.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 445,948 shares of the semiconductor company’s stock after buying an additional 2,800 shares during the period. Vanguard Group Inc. owned 1.41% of eMagin worth $1,048,000 at the end of the most recent reporting period.

eMagin (NYSE:EMAN) opened at 2.40 on Thursday. The firm’s 50 day moving average price is $2.40 and its 200-day moving average price is $2.31. The stock’s market cap is $75.96 million. eMagin has a 12-month low of $1.81 and a 12-month high of $3.30.

eMagin (NYSE:EMAN) last issued its quarterly earnings data on Thursday, May 11th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.06). The business had revenue of $6.07 million for the quarter, compared to analysts’ expectations of $6.40 million. Equities research analysts anticipate that eMagin will post ($0.19) earnings per share for the current fiscal year.

Separately, Zacks Investment Research downgraded eMagin from a “buy” rating to a “sell” rating in a report on Tuesday, May 16th.

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eMagin Company Profile

eMagin Corporation is engaged in the manufacture of microdisplays using organic light emitting diode (OLED) technology. The Company designs, develops, manufactures and markets OLED on silicon microdisplays, virtual imaging products that utilizes OLED microdisplays and related products. The Company also performs research in the OLED field.

12 Month Chart for NYSE:EMAN

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