Short Interest in Emerson Radio Corporation (NYSEAMERICAN:MSN) Declines By 57.0%

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

Emerson Radio Price Performance

Shares of NYSEAMERICAN MSN traded down $0.01 during trading hours on Friday, hitting $0.40. 1,212 shares of the company’s stock were exchanged, compared to its average volume of 26,396. Emerson Radio has a 1-year low of $0.28 and a 1-year high of $0.85. The stock has a market capitalization of $8.44 million, a price-to-earnings ratio of -1.67 and a beta of 0.41. The company’s 50-day moving average price is $0.41 and its 200-day moving average price is $0.41.

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

Hedge Funds Weigh In On Emerson Radio

A hedge fund recently bought a new stake in Emerson Radio stock. DRW Securities LLC purchased a new stake in shares of Emerson Radio Corporation (NYSEAMERICAN:MSN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 141,373 shares of the company’s stock, valued at approximately $54,000. DRW Securities LLC owned 0.67% of Emerson Radio as of its most recent SEC filing.

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.