eMagin Co. (NYSEAMERICAN:EMAN) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 462,500 shares, a drop of 16.7% from the September 30th total of 555,300 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average trading volume of 116,600 shares, the days-to-cover ratio is currently 4.0 days.
Shares of eMagin stock opened at $0.35 on Friday. eMagin has a 12 month low of $0.25 and a 12 month high of $1.39.
eMagin (NYSEAMERICAN:EMAN) last announced its quarterly earnings data on Thursday, November 7th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $7.92 million during the quarter, compared to analysts’ expectations of $7.20 million.
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/XLS.
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