Emerson Radio Corporation (NYSEAMERICAN:MSN) Sees Large Decline in Short Interest

Emerson Radio Corporation (NYSEAMERICAN:MSN) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 56,369 shares, a drop 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.

Emerson Radio Trading Down 3.5%

Emerson Radio stock traded down $0.01 during mid-day trading on Friday, reaching $0.40. The company 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 company has a market cap of $8.44 million, a P/E ratio of -1.67 and a beta of 0.41. The business has a fifty day simple moving average of $0.41 and a 200 day simple moving average of $0.41.

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

Institutional Trading of Emerson Radio

An institutional investor recently bought a new position in Emerson Radio stock. Citadel Advisors LLC bought a new stake in Emerson Radio Corporation (NYSEAMERICAN:MSN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 58,048 shares of the company’s stock, valued at approximately $25,000. Citadel Advisors LLC owned approximately 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.