Short Interest in Emerson Radio Corporation (NYSEAMERICAN:MSN) Decreases By 17.6%

Emerson Radio Corporation (NYSEAMERICAN:MSN) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 249,281 shares, a decline of 17.6% from the December 15th total of 302,537 shares. Approximately 3.3% of the shares of the stock are short sold. Based on an average daily volume of 35,986 shares, the days-to-cover ratio is presently 6.9 days. Based on an average daily volume of 35,986 shares, the days-to-cover ratio is presently 6.9 days. Approximately 3.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

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) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and 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 at the end of the most recent quarter.

Emerson Radio Price Performance

Shares of MSN stock opened at $0.40 on Wednesday. Emerson Radio has a fifty-two week low of $0.28 and a fifty-two week high of $0.85. The stock has a market cap of $8.32 million, a P/E ratio of -1.65 and a beta of 0.10. The business has a fifty day simple moving average of $0.41 and a 200-day simple moving average of $0.44.

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

About Emerson Radio

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.