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%.

Several research firms recently weighed in on EMAN. Zacks Investment Research cut eMagin from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. HC Wainwright reissued a “buy” rating and set a $4.00 price target on shares of eMagin in a report on Friday, November 10th. Finally, Oppenheimer reissued a “hold” rating on shares of eMagin in a report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. eMagin presently has a consensus rating of “Buy” and an average target price of $4.67.

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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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