eMagin Co. (NYSEAMERICAN:EMAN) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 998,582 shares, an increase of 58.7% from the January 12th total of 629,052 shares. Based on an average daily trading volume, of 610,172 shares, the days-to-cover ratio is currently 1.6 days. Currently, 3.9% of the company’s shares are sold short.
Several research analysts have commented on the company. HC Wainwright set a $4.00 price objective on eMagin and gave the stock a “buy” rating in a report on Wednesday, November 1st. Zacks Investment Research upgraded eMagin from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Finally, Oppenheimer restated a “hold” rating on shares of eMagin in a report on Friday, November 10th.
eMagin (NYSEAMERICAN:EMAN) traded up $0.08 on Friday, reaching $1.45. The company’s stock had a trading volume of 545,360 shares, compared to its average volume of 354,220. The stock has a market cap of $52.46, a P/E ratio of -4.39 and a beta of 0.51. eMagin has a one year low of $1.23 and a one year high of $3.00.
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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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