eMagin Co. (EMAN) Short Interest Down 3.1% in March
eMagin Co. (NYSEAMERICAN:EMAN) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 740,035 shares, a decline of 3.1% from the February 28th total of 763,432 shares. Based on an average daily volume of 37,875 shares, the short-interest ratio is presently 19.5 days. Currently, 2.2% of the shares of the company are short sold.
In other news, major shareholder Awm Investment Company, Inc. sold 536,900 shares of the company’s stock in a transaction that occurred on Tuesday, January 8th. The shares were sold at an average price of $0.90, for a total transaction of $483,210.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 1,017,952 shares of company stock valued at $953,936 in the last three months.
Shares of eMagin stock opened at $0.83 on Friday. eMagin has a 1-year low of $0.79 and a 1-year high of $1.95.
Separately, Zacks Investment Research raised shares of eMagin from a “hold” rating to a “buy” rating and set a $1.00 price target for the company in a report on Monday, February 4th.
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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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