eMagin Co. (NYSEAMERICAN:EMAN) was the target of a large drop in short interest during the month of December. As of December 13th, there was short interest totalling 39,000 shares, a drop of 75.9% from the November 28th total of 161,800 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 134,100 shares, the short-interest ratio is currently 0.3 days.
Separately, Zacks Investment Research upgraded shares of eMagin from a “hold” rating to a “buy” rating and set a $0.50 price objective on the stock in a research report on Wednesday, November 13th.
Shares of eMagin stock opened at $0.34 on Friday. eMagin has a 52 week low of $0.25 and a 52 week high of $1.09.
eMagin Company Profile
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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