eMagin Co. (NYSEAMERICAN:EMAN) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,401,661 shares, a growth of 40.4% from the January 31st total of 998,582 shares. Approximately 5.4% of the shares of the stock are short sold. Based on an average trading volume of 1,228,440 shares, the days-to-cover ratio is currently 1.1 days.
In related news, major shareholder Awm Investment Company, Inc. sold 220,809 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $1.92, for a total transaction of $423,953.28. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Separately, Zacks Investment Research lowered shares of eMagin from a “hold” rating to a “sell” rating in a research note on Monday, January 29th.
Shares of eMagin (EMAN) traded down $0.05 during trading hours on Wednesday, hitting $1.40. 30,951 shares of the company’s stock were exchanged, compared to its average volume of 470,703. The firm has a market cap of $63.44, a price-to-earnings ratio of -4.39 and a beta of 0.37. eMagin has a 52 week low of $1.23 and a 52 week high of $3.00.
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eMagin Company Profile
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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