eMagin Co. (NYSEAMERICAN:EMAN) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 432,677 shares, a decline of 12.1% from the April 15th total of 491,980 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 43,786 shares, the short-interest ratio is currently 9.9 days.

NYSEAMERICAN EMAN opened at $0.55 on Friday. eMagin has a 12 month low of $0.48 and a 12 month high of $1.95.

eMagin (NYSEAMERICAN:EMAN) last released its quarterly earnings results on Thursday, May 9th. The semiconductor company reported ($0.03) EPS for the quarter, meeting analysts’ consensus estimates of ($0.03). The company had revenue of $6.11 million during the quarter, compared to the consensus estimate of $6.30 million. During the same quarter last year, the firm posted ($0.05) EPS.

EMAN has been the topic of a number of analyst reports. Zacks Investment Research upgraded eMagin from a “hold” rating to a “buy” rating and set a $1.00 price target on the stock in a research report on Monday, January 28th. HC Wainwright set a $2.00 price target on eMagin and gave the company a “buy” rating in a research report on Monday, April 22nd.

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About eMagin

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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