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

eMagin Co. (NYSEAMERICAN:EMANGet Free Report) 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:EMANGet Free Report) 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.

Check Out Our Latest Research Report on EMAN

eMagin Company Profile

(Get Free Report)

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.

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