eMagin Co. (EMAN) Sees Large Growth in Short Interest
eMagin Co. (NYSEAMERICAN:EMAN) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 527,009 shares, a growth of 1.8% from the October 13th total of 517,520 shares. Currently, 2.0% of the company’s shares are sold short. Based on an average daily volume of 45,044 shares, the short-interest ratio is currently 11.7 days.
Several research firms have weighed in on EMAN. HC Wainwright reiterated a “buy” rating and set a $4.00 target price on shares of eMagin in a report on Friday, September 15th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of eMagin in a report on Friday, November 10th. Finally, Zacks Investment Research lowered eMagin from a “hold” rating to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $4.67.
eMagin (NYSEAMERICAN EMAN) opened at $1.70 on Wednesday. eMagin has a twelve month low of $1.62 and a twelve month high of $3.00.
eMagin (NYSEAMERICAN:EMAN) last posted its earnings results on Thursday, November 9th. The semiconductor company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.04). The business had revenue of $4.28 million for the quarter, compared to the consensus estimate of $5.60 million. eMagin had a negative return on equity of 44.28% and a negative net margin of 43.16%.
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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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