Emerson Radio Corporation (NYSEAMERICAN:MSN) Short Interest Up 118.9% in May

Emerson Radio Corporation (NYSEAMERICAN:MSN) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 88,069 shares, an increase of 118.9% from the May 14th total of 40,236 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily volume of 281,035 shares, the short-interest ratio is presently 0.3 days.

Emerson Radio Price Performance

Shares of NYSEAMERICAN MSN opened at $0.41 on Friday. The company has a market cap of $8.69 million, a P/E ratio of -1.72 and a beta of 0.40. Emerson Radio has a 1 year low of $0.28 and a 1 year high of $0.85. The firm has a 50-day simple moving average of $0.42 and a two-hundred day simple moving average of $0.40.

Emerson Radio (NYSEAMERICAN:MSN) last announced its quarterly earnings data on Tuesday, February 17th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $3.78 million during 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

An institutional investor recently bought a new position in Emerson Radio stock. Citadel Advisors LLC acquired a new position in Emerson Radio Corporation (NYSEAMERICAN:MSN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 58,048 shares of the company’s stock, valued at approximately $25,000. Citadel Advisors LLC owned about 0.28% of Emerson Radio at the end of the most recent reporting period.

Emerson Radio Company Profile

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.