Emerson Radio Corp. (NYSEAMERICAN:MSN – Get Free Report) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 172,400 shares, a growth of 58.7% from the December 31st total of 108,600 shares. Based on an average trading volume of 91,100 shares, the days-to-cover ratio is presently 1.9 days. Currently, 3.0% of the shares of the company are sold short.
Emerson Radio Stock Performance
NYSEAMERICAN MSN remained flat at $0.53 on Friday. 5,224 shares of the company’s stock were exchanged, compared to its average volume of 262,636. Emerson Radio has a one year low of $0.35 and a one year high of $0.83.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on shares of Emerson Radio in a research note on Saturday, January 11th. They issued a “sell” rating for the company.
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, massagers, and security products.
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