Short Interest in Emerson Radio Corporation (NYSEAMERICAN:MSN) Declines By 41.6%

Emerson Radio Corporation (NYSEAMERICAN:MSN) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 302,537 shares, a decline of 41.6% from the November 30th total of 518,225 shares. Based on an average daily trading volume, of 52,028 shares, the short-interest ratio is currently 5.8 days. Approximately 4.0% of the company’s stock are sold short. Approximately 4.0% of the company’s stock are sold short. Based on an average daily trading volume, of 52,028 shares, the short-interest ratio is currently 5.8 days.

Emerson Radio Stock Up 1.9%

Shares of NYSEAMERICAN MSN traded up $0.01 during trading on Friday, reaching $0.41. 27,449 shares of the company traded hands, compared to its average volume of 39,314. The firm has a 50 day simple moving average of $0.45 and a 200-day simple moving average of $0.44. Emerson Radio has a 52-week low of $0.28 and a 52-week high of $0.85. The stock has a market capitalization of $8.52 million, a PE ratio of -1.69 and a beta of 0.08.

Emerson Radio (NYSEAMERICAN:MSN) last announced its earnings results on Friday, November 14th. The company reported ($0.05) EPS for the quarter. Emerson Radio had a negative net margin of 58.03% and a negative return on equity of 28.26%. The business had revenue of $1.22 million for the quarter.

Institutional Investors Weigh In On Emerson Radio

An institutional investor recently bought a new position in Emerson Radio stock. Citadel Advisors LLC bought a new stake in shares of Emerson Radio Corporation (NYSEAMERICAN:MSN) in the third quarter, according to its most recent 13F filing 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 0.28% of Emerson Radio at the end of the most recent reporting period.

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.