eMagin Co. (NYSEAMERICAN:EMAN) was the recipient of a large decrease in short interest during the month of September. As of September 14th, there was short interest totalling 976,383 shares, a decrease of 1.3% from the August 31st total of 988,813 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average daily volume of 56,585 shares, the short-interest ratio is currently 17.3 days.
An institutional investor recently raised its position in eMagin stock. Northern Trust Corp lifted its stake in eMagin Co. (NYSEAMERICAN:EMAN) by 147.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,712 shares of the semiconductor company’s stock after acquiring an additional 53,980 shares during the period. Northern Trust Corp owned 0.20% of eMagin worth $131,000 as of its most recent filing with the Securities and Exchange Commission.
Several research analysts have commented on EMAN shares. HC Wainwright set a $4.00 target price on shares of eMagin and gave the stock a “buy” rating in a research report on Friday, August 10th. Zacks Investment Research upgraded shares of eMagin from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th.
NYSEAMERICAN EMAN opened at $1.55 on Thursday. eMagin has a 52 week low of $1.23 and a 52 week high of $2.30.
eMagin (NYSEAMERICAN:EMAN) last posted its earnings results on Thursday, August 9th. The semiconductor company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. The firm had revenue of $7.07 million during the quarter, compared to analysts’ expectations of $6.60 million. eMagin had a negative net margin of 69.91% and a negative return on equity of 57.13%.
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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