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

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

Hedge Funds Weigh In On 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 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 58,048 shares of the company’s stock, valued at approximately $25,000. Citadel Advisors LLC owned 0.28% of Emerson Radio as of its most recent SEC filing.

Emerson Radio Stock Down 1.3%

Shares of MSN stock traded down $0.01 during mid-day trading on Tuesday, hitting $0.39. 9,472 shares of the stock were exchanged, compared to its average volume of 52,961. Emerson Radio has a 52-week low of $0.28 and a 52-week high of $0.85. The firm has a fifty day moving average of $0.41 and a 200 day moving average of $0.44. The company has a market cap of $8.21 million, a PE ratio of -1.63 and a beta of 0.10.

Emerson Radio (NYSEAMERICAN:MSN) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.05) earnings per share 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%.

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.