eMagin Co. (NYSEAMERICAN:EMAN) Short Interest Up 64.1% in August

eMagin Co. (NYSEAMERICAN:EMAN) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 1,280,000 shares, an increase of 64.1% from the August 15th total of 780,100 shares. Based on an average daily volume of 624,600 shares, the short-interest ratio is currently 2.0 days.

Institutional Trading of eMagin

A number of institutional investors have recently bought and sold shares of EMAN. Goldman Sachs Group Inc. increased its position in eMagin by 15,868.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,921,349 shares of the semiconductor company’s stock worth $2,190,000 after purchasing an additional 1,909,317 shares during the period. BlackRock Inc. lifted its stake in shares of eMagin by 34.0% during the 2nd quarter. BlackRock Inc. now owns 1,239,468 shares of the semiconductor company’s stock worth $2,454,000 after purchasing an additional 314,627 shares during the period. State Street Corp lifted its stake in shares of eMagin by 440.5% during the 2nd quarter. State Street Corp now owns 1,161,162 shares of the semiconductor company’s stock worth $2,299,000 after purchasing an additional 946,320 shares during the period. Ergoteles LLC acquired a new stake in shares of eMagin during the 2nd quarter worth $1,838,000. Finally, Geode Capital Management LLC increased its holdings in shares of eMagin by 7.9% during the 2nd quarter. Geode Capital Management LLC now owns 711,666 shares of the semiconductor company’s stock worth $1,409,000 after buying an additional 51,930 shares during the last quarter. 33.36% of the stock is owned by hedge funds and other institutional investors.

eMagin Stock Performance

NYSEAMERICAN EMAN opened at $1.99 on Friday. eMagin has a 1-year low of $0.58 and a 1-year high of $2.49. The company has a current ratio of 2.06, a quick ratio of 1.16 and a debt-to-equity ratio of 1.59. The firm has a 50 day moving average price of $1.92.

eMagin (NYSEAMERICAN:EMAN) last posted its earnings results on Thursday, August 10th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). eMagin had a negative return on equity of 31.12% and a negative net margin of 48.31%. The business had revenue of $4.96 million for the quarter, compared to analyst estimates of $7.00 million. As a group, sell-side analysts forecast that eMagin will post -0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright downgraded eMagin from a “buy” rating to a “neutral” rating in a research note on Friday, August 11th.

eMagin Company Profile

eMagin Corporation engages in the design, develop, manufacture, and market of organic light emitting diode (OLED) miniature displays on-silicon micro displays, virtual imaging products that utilize OLED micro displays, and related products in the United States and internationally. The company offers super video graphics array (SVGA) + OLED micro displays; digital SVGA OLED-XL; super extended graphics array OLED-XL/XLS/XLE, SXGA OLED-XL, SXGA-120, VGA OLED-XL, and WUXGA OLED-XL products.