eMagin (NYSEAMERICAN:EMAN) was the target of a significant decrease in short interest during the month of April. As of April 13th, there was short interest totalling 1,381,868 shares, a decrease of 2.4% from the March 30th total of 1,416,081 shares. Currently, 5.4% of the shares of the stock are short sold. Based on an average daily volume of 41,990 shares, the days-to-cover ratio is currently 32.9 days.
EMAN stock opened at $1.50 on Thursday. eMagin has a 12 month low of $1.23 and a 12 month high of $3.00.
eMagin (NYSEAMERICAN:EMAN) last released its quarterly earnings results on Wednesday, March 28th. The semiconductor company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The business had revenue of $6.42 million during the quarter. eMagin had a negative net margin of 69.91% and a negative return on equity of 57.13%.
EMAN has been the topic of several research reports. Zacks Investment Research lowered shares of eMagin from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. HC Wainwright set a $4.00 price target on shares of eMagin and gave the company a “buy” rating in a research report on Thursday, March 29th.
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eMagin Company Profile
eMagin Corporation designs, develops, manufactures, and markets organic light emitting diode (OLED) 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 and OLED-XL/XLS; video graphics array OLED-XL; widescreen ultra-extended graphics array OLED-XL; and WF05 prism optic with mounting brackets or combined with OLED micro displays to form an optic-display module.
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