eMagin Co. (NYSEAMERICAN:EMAN) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 1,401,661 shares, an increase of 40.4% from the January 31st total of 998,582 shares. Based on an average trading volume of 1,228,440 shares, the days-to-cover ratio is presently 1.1 days. Currently, 5.4% of the shares of the company are short sold.
In other news, major shareholder Awm Investment Company, Inc. sold 220,809 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $1.92, for a total transaction of $423,953.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
EMAN has been the topic of several recent analyst reports. Oppenheimer restated a “hold” rating on shares of eMagin in a research report on Friday, November 10th. Zacks Investment Research lowered shares of eMagin from a “hold” rating to a “sell” rating in a research report on Monday, January 29th. Finally, HC Wainwright set a $4.00 target price on shares of eMagin and gave the stock a “buy” rating in a research report on Wednesday, November 1st.
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.
Receive News & Ratings for eMagin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eMagin and related companies with MarketBeat.com's FREE daily email newsletter.