Emerson Radio Corp. (NYSEAMERICAN:MSN) Sees Large Drop in Short Interest

Emerson Radio Corp. (NYSEAMERICAN:MSN) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 56,800 shares, a drop of 29.1% from the August 15th total of 80,100 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 32,500 shares, the short-interest ratio is currently 1.7 days.

Emerson Radio Price Performance

MSN stock traded up $0.02 during midday trading on Friday, hitting $0.47. The company’s stock had a trading volume of 3,529 shares, compared to its average volume of 8,049. Emerson Radio has a 1 year low of $0.36 and a 1 year high of $0.83.

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

Analysts Set New Price Targets

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

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.