eMagin Co. (EMAN) Sees Large Decrease in Short Interest
eMagin Co. (NYSEAMERICAN:EMAN) was the target of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 519,727 shares, a drop of 9.1% from the November 15th total of 571,955 shares. Based on an average daily volume of 56,725 shares, the short-interest ratio is presently 9.2 days. Currently, 2.0% of the shares of the company are short sold.
Shares of eMagin (EMAN) opened at $1.67 on Tuesday. eMagin has a fifty-two week low of $1.60 and a fifty-two week high of $3.00.
eMagin (NYSEAMERICAN:EMAN) last released its quarterly earnings results on Thursday, November 9th. The semiconductor company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.04). The firm had revenue of $4.28 million for the quarter, compared to analyst estimates of $5.60 million. eMagin had a negative return on equity of 57.13% and a negative net margin of 69.91%.
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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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