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

Emerson Radio Corporation (NYSEAMERICAN:MSN) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 56,369 shares, a drop of 57.0% from the April 15th total of 131,226 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 32,978 shares, the short-interest ratio is currently 1.7 days.

Emerson Radio Stock Performance

Shares of NYSEAMERICAN MSN traded down $0.01 during trading hours on Friday, hitting $0.40. 1,212 shares of the stock were exchanged, compared to its average volume of 27,858. The company has a market cap of $8.44 million, a PE ratio of -1.67 and a beta of 0.41. The company’s fifty day simple moving average is $0.41 and its two-hundred day simple moving average is $0.41. Emerson Radio has a 1-year low of $0.28 and a 1-year high of $0.85.

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

Institutional Trading of Emerson Radio

A hedge fund recently bought a new stake in Emerson Radio stock. DRW Securities LLC purchased a new position in shares of Emerson Radio Corporation (NYSEAMERICAN:MSN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 141,373 shares of the company’s stock, valued at approximately $54,000. DRW Securities LLC owned approximately 0.67% of Emerson Radio at the end of the most recent quarter.

About Emerson Radio

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.