Emerson Radio Corp. (NYSEAMERICAN:MSN) Short Interest Update

Emerson Radio Corp. (NYSEAMERICAN:MSN) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 56,800 shares, a decline 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 currently 1.7 days. Currently, 1.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Emerson Radio in a research note on Friday. They issued a “sell” rating on the stock.

Emerson Radio Trading Up 0.1 %

MSN stock traded up $0.00 during trading hours on Monday, hitting $0.47. 2,420 shares of the stock were exchanged, compared to its average volume of 17,489. Emerson Radio has a 12 month low of $0.36 and a 12 month high of $0.83.

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

About Emerson Radio

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.