Emerson Radio Corp. (NYSEAMERICAN:MSN) Short Interest Down 74.6% in March

Emerson Radio Corp. (NYSEAMERICAN:MSN) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,700 shares, a drop of 74.6% from the February 29th total of 6,700 shares. Based on an average daily trading volume, of 9,100 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Emerson Radio Stock Performance

Shares of MSN traded down $0.01 on Wednesday, reaching $0.53. The company’s stock had a trading volume of 3,430 shares, compared to its average volume of 8,926. Emerson Radio has a twelve month low of $0.47 and a twelve month high of $0.64.

Emerson Radio (NYSEAMERICAN:MSN) last announced its earnings results on Tuesday, February 20th. The company reported ($0.02) earnings per share (EPS) for the quarter. Emerson Radio had a net margin of 20.14% and a negative return on equity of 5.84%. The company had revenue of $2.62 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Emerson Radio in a research report on Monday, January 8th. They set a “sell” rating for the company.

About Emerson Radio

Emerson Radio Corp., together with its subsidiaries, designs, sources, imports, markets, and sells various houseware and consumer electronic products under the Emerson brand in the United States and internationally. It offers houseware products, such as microwave ovens, compact refrigerators, and toaster ovens; audio products, including clock radios, Bluetooth speakers, karaoke machines, and wireless charging products; and other products comprising televisions, lithium batteries, massagers, and security products.