Short Interest in eMagin Co. (EMAN) Expands By 3.9%

eMagin Co. (NYSEAMERICAN:EMAN) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 539,989 shares, an increase of 3.9% from the November 30th total of 519,727 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average trading volume of 44,761 shares, the short-interest ratio is presently 12.1 days.

eMagin (NYSEAMERICAN:EMAN) opened at $1.65 on Wednesday. The firm has a market cap of $57.70, a P/E ratio of -5.00 and a beta of 0.61. eMagin has a 1 year low of $1.55 and a 1 year high of $3.00.

eMagin (NYSEAMERICAN:EMAN) last posted its quarterly earnings results on Thursday, November 9th. The semiconductor company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The company 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%.

EMAN has been the topic of several analyst reports. HC Wainwright reissued a “buy” rating and issued a $4.00 target price on shares of eMagin in a research report on Friday, September 15th. Zacks Investment Research downgraded shares of eMagin from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Finally, Oppenheimer reissued a “hold” rating on shares of eMagin in a research report on Friday, November 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $4.67.

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About eMagin

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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