Short Interest in Emerson Radio Corporation (NYSEAMERICAN:MSN) Increases By 118.9%

Emerson Radio Corporation (NYSEAMERICAN:MSN – Get Free Report) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 88,069 shares, an increase of 118.9% from the May 14th total of 40,236 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average trading volume of 281,035 shares, the short-interest ratio is currently 0.3 days.

Emerson Radio Price Performance

MSN opened at $0.41 on Monday. Emerson Radio has a fifty-two week low of $0.28 and a fifty-two week high of $0.85. The business has a 50-day moving average of $0.42 and a 200-day moving average of $0.40. The company has a market capitalization of $8.69 million, a PE ratio of -1.72 and a beta of 0.40.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Emerson Radio stock. DRW Securities LLC acquired a new stake in Emerson Radio Corporation (NYSEAMERICAN:MSN – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 141,373 shares of the company’s stock, valued at approximately $54,000. DRW Securities LLC owned approximately 0.67% of Emerson Radio as of its most recent filing with the SEC.

Emerson Radio Company Profile

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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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