eMagin (NYSEAMERICAN:EMAN) saw a large decline in short interest in the month of March. As of March 29th, there was short interest totalling 1,416,081 shares, a decline of 1.2% from the March 15th total of 1,433,615 shares. Based on an average trading volume of 106,606 shares, the days-to-cover ratio is currently 13.3 days. Approximately 5.5% of the shares of the company are short sold.
In other news, Director Jill Wittels acquired 18,519 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was acquired at an average price of $1.35 per share, for a total transaction of $25,000.65. Following the completion of the acquisition, the director now directly owns 18,519 shares in the company, valued at approximately $25,000.65. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Awm Investment Company, Inc. sold 220,809 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $1.92, for a total value of $423,953.28. The disclosure for this sale can be found here.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded eMagin from a “hold” rating to a “buy” rating and set a $1.75 price objective for the company in a report on Wednesday. HC Wainwright set a $4.00 target price on eMagin and gave the company a “buy” rating in a report on Thursday, March 29th.
eMagin (NYSEAMERICAN:EMAN) last announced its 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). eMagin had a negative net margin of 69.91% and a negative return on equity of 57.13%. The company had revenue of $6.42 million for the quarter.
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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