eMagin Co. (NYSEAMERICAN:EMAN) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 809,698 shares, a decline of 11.3% from the January 15th total of 912,791 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average daily trading volume, of 74,969 shares, the short-interest ratio is currently 10.8 days.
Shares of NYSEAMERICAN:EMAN opened at $0.79 on Tuesday. eMagin has a twelve month low of $0.79 and a twelve month high of $2.05.
Several analysts recently weighed in on EMAN shares. HC Wainwright set a $4.00 target price on eMagin and gave the company a “buy” rating in a research note on Friday, November 9th. Zacks Investment Research upgraded eMagin from a “hold” rating to a “buy” rating and set a $1.00 target price for the company in a research note on Monday, February 4th.
In related news, major shareholder Awm Investment Company, Inc. sold 536,900 shares of the company’s stock in a transaction on Tuesday, January 8th. The stock was sold at an average price of $0.90, for a total transaction of $483,210.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 1,017,952 shares of company stock worth $953,936 over the last three months.
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.
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