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

Emerson Radio Corp. (NYSEAMERICAN:MSN) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 172,400 shares, an increase of 58.7% from the December 31st total of 108,600 shares. Based on an average daily volume of 91,100 shares, the days-to-cover ratio is currently 1.9 days. Approximately 3.0% of the shares of the stock are sold short.

Emerson Radio Price Performance

NYSEAMERICAN:MSN remained flat at $0.53 during midday trading on Friday. The company had a trading volume of 5,224 shares, compared to its average volume of 262,636. Emerson Radio has a 52-week low of $0.35 and a 52-week high of $0.83.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Emerson Radio in a research note on Saturday, January 11th. They set a “sell” rating for the company.

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, massagers, and security products.