eMagin Co. (EMAN) Sees Large Decrease in Short Interest

eMagin Co. (NYSE:EMAN) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 387,058 shares, a drop of 11.2% from the April 28th total of 436,010 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 37,802 shares, the short-interest ratio is currently 10.2 days.

In related news, major shareholder Stillwater Holdings Llc acquired 50,000 shares of eMagin stock in a transaction on Wednesday, May 24th. The stock was acquired at an average price of $2.00 per share, for a total transaction of $100,000.00. Following the purchase, the insider now owns 1,283,501 shares of the company’s stock, valued at approximately $2,567,002. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

A hedge fund recently bought a new stake in eMagin stock. Bessemer Group Inc. purchased a new stake in eMagin Co. (NYSE:EMAN) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 76,414 shares of the semiconductor company’s stock, valued at approximately $164,000. Bessemer Group Inc. owned 0.24% of eMagin as of its most recent SEC filing.

Separately, Zacks Investment Research lowered eMagin from a “buy” rating to a “sell” rating in a research note on Tuesday, May 16th.

Shares of eMagin (EMAN) traded down 1.96% during trading on Monday, hitting $2.50. The company had a trading volume of 38,647 shares. The stock’s 50-day moving average is $2.50 and its 200 day moving average is $2.35. eMagin has a 52-week low of $1.85 and a 52-week high of $3.30. The firm’s market capitalization is $79.13 million.

eMagin (NYSE:EMAN) last released its quarterly earnings results on Thursday, May 11th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.06). eMagin had a negative net margin of 32.94% and a negative return on equity of 40.94%. The firm had revenue of $6.07 million for the quarter, compared to the consensus estimate of $6.40 million. Equities research analysts predict that eMagin will post ($0.19) earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “eMagin Co. (EMAN) Sees Large Decrease in Short Interest” was originally published by BBNS and is the sole property of of BBNS. If you are reading this report on another publication, it was copied illegally and republished in violation of international copyright and trademark laws. The legal version of this report can be viewed at https://baseballnewssource.com/markets/emagin-co-eman-short-interest-down-11-2-in-may-updated-updated/862448.html.

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.

Receive News & Ratings for eMagin Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eMagin Co. and related companies with our FREE daily email newsletter.

 


Latest News

Hitters in Major League Baseball on Record Home Run Pace
Hitters in Major League Baseball on Record Home Run Pace
Atlanta Considering Playing Freddie Freeman at Third
Atlanta Considering Playing Freddie Freeman at Third
Injury to Gleyber Torres Adds to Questions About Yankees
Injury to Gleyber Torres Adds to Questions About Yankees
Game Winning Home Run Completes Nolan Arenado Cycle
Game Winning Home Run Completes Nolan Arenado Cycle
New York Yankees and Masahiro Tanaka Hit Hard Again
New York Yankees and Masahiro Tanaka Hit Hard Again
Victor Martinez Diagnosed with Irregular Heartbeat
Victor Martinez Diagnosed with Irregular Heartbeat


Leave a Reply

 
© 2006-2017 BBNS.