Emerson Radio Corporation (NYSEAMERICAN:MSN) Stock Short Interest Drops 40.4%

by · The Markets Daily

Emerson Radio Corporation (NYSEAMERICAN:MSN – Get Free Report) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 64,213 shares, a decline of 40.4% from the September 30th total of 107,654 shares. Based on an average daily volume of 144,177 shares, the short-interest ratio is presently 0.4 days. Approximately 0.8% of the company’s shares are sold short.

Emerson Radio Price Performance

NYSEAMERICAN:MSN traded down $0.00 during trading hours on Friday, reaching $0.32. 26,314 shares of the stock were exchanged, compared to its average volume of 133,432. The firm has a 50 day moving average of $0.42 and a 200 day moving average of $0.40. The stock has a market cap of $6.71 million, a PE ratio of -1.88 and a beta of 0.47. Emerson Radio has a twelve month low of $0.30 and a twelve month high of $0.55.

Emerson Radio (NYSEAMERICAN:MSN – Get Free Report) last posted its earnings results on Friday, August 14th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $2.11 million for the quarter. Emerson Radio had a negative return on equity of 25.47% and a negative net margin of 65.50%.

About Emerson Radio

(Get Free Report)

Emerson Radio Corp. is a consumer electronics company that develops, sources and distributes products under the Emerson brand. Its product offerings have included televisions, audio equipment, Bluetooth speakers, radios and other entertainment products, along with selected household and kitchen appliances.

The company primarily operates through brand licensing, product sourcing and distribution rather than extensive in-house manufacturing. Emerson-branded products are sold through retail and online channels, serving consumers in the United States and, through licensing and distribution arrangements, select international markets.

Emerson is a longstanding American consumer electronics brand with roots in radio and television products.

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