eMagin Co. (EMAN) Sees Large Drop in Short Interest

eMagin Co. (NYSEAMERICAN:EMAN) saw a significant decrease in short interest in the month of December. As of December 29th, there was short interest totalling 510,031 shares, a decrease of 5.5% from the December 15th total of 539,989 shares. Based on an average daily volume of 71,216 shares, the days-to-cover ratio is currently 7.2 days. Approximately 2.0% of the shares of the company are sold short.

eMagin (NYSEAMERICAN:EMAN) opened at $1.85 on Thursday. eMagin has a 1 year low of $1.55 and a 1 year high of $3.00. The company has a market cap of $64.70, a PE ratio of -5.61 and a beta of 0.62.

eMagin (NYSEAMERICAN:EMAN) last released its quarterly earnings results on Thursday, November 9th. The semiconductor company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). eMagin had a negative return on equity of 57.13% and a negative net margin of 69.91%. The business had revenue of $4.28 million for the quarter, compared to the consensus estimate of $5.60 million.

A number of equities analysts recently commented on the stock. Zacks Investment Research lowered shares of eMagin from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. HC Wainwright set a $4.00 price target on shares of eMagin and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Finally, Oppenheimer reaffirmed a “hold” rating on shares of eMagin in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average 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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