eMagin Co. (NYSEAMERICAN:EMAN) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 1,383,724 shares, a decrease of 1.3% from the February 15th total of 1,401,661 shares. Approximately 8.1% of the shares of the stock are short sold. Based on an average trading volume of 130,680 shares, the days-to-cover ratio is currently 10.6 days.

In other eMagin news, major shareholder Awm Investment Company, Inc. sold 220,809 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $1.92, for a total transaction of $423,953.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of eMagin (NYSEAMERICAN EMAN) opened at $1.55 on Monday. The company has a market cap of $67.82, a PE ratio of -4.70 and a beta of 0.37. eMagin has a fifty-two week low of $1.23 and a fifty-two week high of $3.00.

Separately, Zacks Investment Research lowered shares of eMagin from a “hold” rating to a “sell” rating in a report on Monday, February 12th.

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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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