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

by · The Cerbat Gem

Emerson Radio Corporation (NYSEAMERICAN:MSN – Get Free Report) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 302,537 shares, a drop of 41.6% from the November 30th total of 518,225 shares. Based on an average daily trading volume, of 52,028 shares, the days-to-cover ratio is presently 5.8 days. Approximately 4.0% of the shares of the company are sold short. Approximately 4.0% of the shares of the company are sold short. Based on an average daily trading volume, of 52,028 shares, the days-to-cover ratio is presently 5.8 days.

Emerson Radio Stock Up 1.9%

Shares of MSN stock traded up $0.01 during mid-day trading on Friday, reaching $0.41. The stock had a trading volume of 27,449 shares, compared to its average volume of 39,314. Emerson Radio has a one year low of $0.28 and a one year high of $0.85. The firm’s 50 day simple moving average is $0.45 and its 200 day simple moving average is $0.44. The firm has a market cap of $8.52 million, a PE ratio of -1.69 and a beta of 0.08.

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

Institutional Trading of Emerson Radio

A hedge fund recently bought a new stake in Emerson Radio stock. Citadel Advisors LLC purchased a new position in Emerson Radio Corporation (NYSEAMERICAN:MSN – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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.

About Emerson Radio

(Get Free Report)

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.

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