Emerson Radio Corp. (NYSEAMERICAN:MSN) Short Interest Up 582.1% in June

Emerson Radio Corp. (NYSEAMERICAN:MSN) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totalling 19,100 shares, an increase of 582.1% from the June 15th total of 2,800 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 12,400 shares, the short-interest ratio is currently 1.5 days.

Emerson Radio Stock Performance

Shares of MSN stock remained flat at $0.53 during trading on Thursday. The company had a trading volume of 4,412 shares, compared to its average volume of 10,684. Emerson Radio has a 1-year low of $0.36 and a 1-year high of $0.62.

Emerson Radio (NYSEAMERICAN:MSN) last released its quarterly earnings data on Thursday, June 27th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $2.20 million for the quarter. Emerson Radio had a net margin of 8.45% and a negative return on equity of 10.09%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Emerson Radio in a report on Thursday, April 11th. They issued a “sell” rating on the stock.

Emerson Radio Company Profile

Emerson Radio Corp., together with its subsidiaries, designs, sources, imports, markets, and sells various houseware and consumer electronic products under the Emerson brand in the United States and internationally. It offers houseware products, such as microwave ovens, compact refrigerators, and toaster ovens; audio products, including clock radios, Bluetooth speakers, karaoke machines, and wireless charging products; and other products comprising televisions, lithium batteries, massagers, and security products.