eMagin Co. (EMAN) Short Interest Down 4.1% in October
eMagin Co. (NYSE:EMAN) was the target of a large decline in short interest in the month of October. As of October 13th, there was short interest totalling 517,520 shares, a decline of 4.1% from the September 29th total of 539,754 shares. Based on an average trading volume of 32,349 shares, the short-interest ratio is presently 16.0 days. Approximately 2.0% of the shares of the company are short sold.
A number of equities research analysts recently issued reports on the company. HC Wainwright set a $4.00 price objective on eMagin and gave the company a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research cut eMagin from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th.
Shares of eMagin (EMAN) opened at 2.15 on Wednesday. The company’s market capitalization is $75.19 million. The company has a 50-day moving average price of $2.17 and a 200-day moving average price of $2.36. eMagin has a 52 week low of $1.85 and a 52 week high of $3.00.
eMagin (NYSE:EMAN) last posted its earnings results on Thursday, August 10th. The semiconductor company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). eMagin had a negative net margin of 43.16% and a negative return on equity of 44.28%. The firm had revenue of $5.26 million during the quarter, compared to the consensus estimate of $6.00 million. Analysts predict that eMagin will post ($0.23) earnings per share for the current year.
An institutional investor recently bought a new position in eMagin stock. AWM Investment Company Inc. bought a new stake in eMagin Co. (NYSE:EMAN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,261,000 shares of the semiconductor company’s stock, valued at approximately $7,989,000. eMagin accounts for approximately 1.3% of AWM Investment Company Inc.’s portfolio, making the stock its 25th biggest position. AWM Investment Company Inc. owned approximately 9.32% of eMagin at the end of the most recent quarter.
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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.
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