Emerson Radio Corp. (NYSEAMERICAN:MSN) Sees Large Decline in Short Interest

Emerson Radio Corp. (NYSEAMERICAN:MSN) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 56,800 shares, a drop of 29.1% from the August 15th total of 80,100 shares. Based on an average daily trading volume, of 32,500 shares, the short-interest ratio is presently 1.7 days. Currently, 1.0% of the company’s shares are sold short.

Emerson Radio Trading Up 4.3 %

Shares of NYSEAMERICAN:MSN traded up $0.02 during mid-day trading on Friday, hitting $0.47. The company had a trading volume of 3,529 shares, compared to its average volume of 8,049. Emerson Radio has a one year low of $0.36 and a one year high of $0.83.

Emerson Radio (NYSEAMERICAN:MSN) last issued its earnings results on Wednesday, August 14th. The company reported ($0.05) EPS for the quarter. Emerson Radio had a net margin of 3.90% and a negative return on equity of 11.76%. The firm had revenue of $2.20 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Emerson Radio in a research report on Friday. 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.