Emerson Radio Corporation (NYSEAMERICAN:MSN) Short Interest Down 17.6% in December

Emerson Radio Corporation (NYSEAMERICAN:MSN) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 249,281 shares, a drop of 17.6% from the December 15th total of 302,537 shares. Based on an average daily volume of 35,986 shares, the days-to-cover ratio is currently 6.9 days. Approximately 3.3% of the shares of the company are sold short. Approximately 3.3% of the shares of the company are sold short. Based on an average daily volume of 35,986 shares, the days-to-cover ratio is currently 6.9 days.

Emerson Radio Stock Performance

NYSEAMERICAN MSN opened at $0.40 on Monday. The stock has a market cap of $8.32 million, a PE ratio of -1.65 and a beta of 0.10. The firm has a 50-day moving average of $0.41 and a 200-day moving average of $0.44. Emerson Radio has a 52-week low of $0.28 and a 52-week high of $0.85.

Emerson Radio (NYSEAMERICAN:MSN) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $1.22 million for the quarter. Emerson Radio had a negative return on equity of 28.26% and a negative net margin of 58.03%.

Institutional Investors Weigh In On Emerson Radio

An institutional investor recently bought a new position in Emerson Radio stock. Citadel Advisors LLC purchased a new position in shares of Emerson Radio Corporation (NYSEAMERICAN:MSN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 58,048 shares of the company’s stock, valued at approximately $25,000. Citadel Advisors LLC owned approximately 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.