eMagin Co. (EMAN) Sees Significant Decline in Short Interest

eMagin Co. (NYSEAMERICAN:EMAN) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 846,100 shares, a decrease of 2.9% from the October 15th total of 871,171 shares. Approximately 2.5% of the shares of the company are short sold. Based on an average daily trading volume, of 47,683 shares, the days-to-cover ratio is currently 17.7 days.

An institutional investor recently raised its position in eMagin stock. Northern Trust Corp lifted its position in shares of eMagin Co. (NYSEAMERICAN:EMAN) by 147.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,712 shares of the semiconductor company’s stock after purchasing an additional 53,980 shares during the quarter. Northern Trust Corp owned 0.20% of eMagin worth $131,000 as of its most recent SEC filing.

EMAN has been the topic of several research reports. HC Wainwright set a $4.00 price target on shares of eMagin and gave the stock a “buy” rating in a report on Friday, August 10th. Zacks Investment Research downgraded shares of eMagin from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th.

Shares of NYSEAMERICAN:EMAN opened at $1.42 on Friday. eMagin has a twelve month low of $1.23 and a twelve month high of $2.05.

eMagin (NYSEAMERICAN:EMAN) last issued its quarterly earnings data on Thursday, November 8th. The semiconductor company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). The firm had revenue of $6.87 million for the quarter, compared to analyst estimates of $6.80 million.

TRADEMARK VIOLATION NOTICE: “eMagin Co. (EMAN) Sees Significant Decline in Short Interest” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/11/10/emagin-co-eman-sees-significant-decline-in-short-interest.html.

eMagin Company Profile

eMagin Corporation designs, develops, manufactures, and markets organic light emitting diode (OLED) displays on-silicon micro displays; virtual imaging products that utilize OLED micro displays; and related products. It offers super video graphics array (SVGA) + OLED micro displays; digital SVGA OLED-XL; super extended graphics array OLED-XL/XLS and OLED-XL; video graphics array OLED-XL; and widescreen ultra-extended graphics array OLED-XL.

Featured Article: What is Cost of Capital?

Receive News & Ratings for eMagin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eMagin and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply