Emerson Radio Corporation (NYSEAMERICAN:MSN) Short Interest Update

Emerson Radio Corporation (NYSEAMERICAN:MSN) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 56,369 shares, a decline of 57.0% from the April 15th total of 131,226 shares. Based on an average daily trading volume, of 32,978 shares, the short-interest ratio is currently 1.7 days. Currently, 0.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Emerson Radio stock. Citadel Advisors LLC bought a new position in shares of Emerson Radio Corporation (NYSEAMERICAN:MSN) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 58,048 shares of the company’s stock, valued at approximately $25,000. Citadel Advisors LLC owned about 0.28% of Emerson Radio as of its most recent filing with the Securities & Exchange Commission.

Emerson Radio Stock Performance

Shares of NYSEAMERICAN MSN traded down $0.01 during midday trading on Friday, reaching $0.40. The company’s stock had a trading volume of 1,212 shares, compared to its average volume of 27,858. Emerson Radio has a fifty-two week low of $0.28 and a fifty-two week high of $0.85. The business’s 50 day moving average price is $0.41 and its two-hundred day moving average price is $0.41. The company has a market cap of $8.44 million, a P/E ratio of -1.67 and a beta of 0.41.

Emerson Radio (NYSEAMERICAN:MSN) last announced its quarterly earnings data on Tuesday, February 17th. The company reported ($0.03) EPS for the quarter. Emerson Radio had a negative net margin of 79.04% and a negative return on equity of 31.49%. The firm had revenue of $3.78 million for the quarter.

Emerson Radio Company Profile

Emerson Radio Corporation operates as a designer, marketer and importer of consumer electronics products, offering a broad range of home entertainment, digital health and accessory solutions. Through licensing agreements with well-known brands such as RCA, the company develops and distributes audio equipment, wireless speakers, digital media players, television antennas, home health monitors, and a variety of electronic accessories. Its product portfolio is tailored for mass-market and value-oriented retailers, as well as e-commerce platforms throughout North America.

Emerson Radio’s business model centers on brand licensing, private-label manufacturing and strategic partnerships with original design manufacturers.