eMagin Co. (NYSEAMERICAN:EMAN) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 1,383,724 shares, a decrease of 1.3% from the February 15th total of 1,401,661 shares. Currently, 8.1% of the shares of the stock are short sold. Based on an average daily volume of 130,680 shares, the days-to-cover ratio is currently 10.6 days.
eMagin (NYSEAMERICAN:EMAN) opened at $1.55 on Friday. eMagin has a 12-month low of $1.23 and a 12-month high of $3.00. The firm has a market cap of $67.82, a price-to-earnings ratio of -4.70 and a beta of 0.37.
Separately, Zacks Investment Research lowered shares of eMagin from a “hold” rating to a “sell” rating in a research report on Monday, February 12th.
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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