Emerson Radio Corporation (NYSEAMERICAN:MSN) Stock Short Interest Declines 40.4%

Emerson Radio Corporation (NYSEAMERICAN:MSN) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 64,213 shares, a decrease of 40.4% from the September 30th total of 107,654 shares. Based on an average daily volume of 144,177 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.8% of the shares of the stock are sold short.

Emerson Radio Price Performance

MSN stock traded down $0.00 during trading on Friday, reaching $0.32. The company had a trading volume of 26,314 shares, compared to its average volume of 133,432. The company has a market cap of $6.71 million, a P/E ratio of -1.88 and a beta of 0.47. The business has a 50 day moving average of $0.42 and a 200 day moving average of $0.40. Emerson Radio has a 52 week low of $0.30 and a 52 week high of $0.55.

Emerson Radio (NYSEAMERICAN:MSN) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.03) earnings per share (EPS) for the quarter. Emerson Radio had a negative net margin of 65.50% and a negative return on equity of 25.47%. The company had revenue of $2.11 million for the quarter.

Emerson Radio Company Profile

Emerson Radio Corp. is a consumer electronics company that develops, sources and distributes products under the Emerson brand. Its product offerings have included televisions, audio equipment, Bluetooth speakers, radios and other entertainment products, along with selected household and kitchen appliances.

The company primarily operates through brand licensing, product sourcing and distribution rather than extensive in-house manufacturing. Emerson-branded products are sold through retail and online channels, serving consumers in the United States and, through licensing and distribution arrangements, select international markets.

Emerson is a longstanding American consumer electronics brand with roots in radio and television products.