Short Interest in Emerson Radio Corporation (NYSEAMERICAN:MSN) Rises By 118.9%

Emerson Radio Corporation (NYSEAMERICAN:MSN) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 88,069 shares, an increase of 118.9% from the May 14th total of 40,236 shares. Based on an average daily volume of 281,035 shares, the short-interest ratio is presently 0.3 days. Currently, 1.2% of the shares of the company are sold short.

Emerson Radio Trading Up 1.4%

Shares of NYSEAMERICAN MSN traded up $0.01 during midday trading on Friday, hitting $0.41. The company’s stock had a trading volume of 288,604 shares, compared to its average volume of 238,751. The stock has a fifty day moving average price of $0.42 and a 200 day moving average price of $0.40. Emerson Radio has a one year low of $0.28 and a one year high of $0.85. The firm has a market capitalization of $8.69 million, a price-to-earnings ratio of -1.72 and a beta of 0.40.

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

Institutional Trading of Emerson Radio

An institutional investor recently bought a new position 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 and Exchange Commission. The institutional investor 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 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.