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

Emerson Radio Corp. (NYSEAMERICAN:MSN) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 129,100 shares, a decrease of 25.1% from the January 15th total of 172,400 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average daily trading volume, of 92,500 shares, the days-to-cover ratio is currently 1.4 days.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Emerson Radio in a research report on Saturday, January 11th. They set a “sell” rating on the stock.

Emerson Radio Stock Performance

Shares of MSN traded down $0.02 during trading hours on Friday, reaching $0.46. 6,035 shares of the company’s stock traded hands, compared to its average volume of 179,324. The firm has a market capitalization of $9.64 million, a price-to-earnings ratio of -3.05 and a beta of 0.41. Emerson Radio has a twelve month low of $0.35 and a twelve month high of $0.83.

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.