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

Emerson Radio Corporation (NYSEAMERICAN:MSN) saw a significant increase in short interest in 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. Approximately 1.2% of the company’s shares are short sold. Based on an average trading volume of 281,035 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Emerson Radio stock. Citadel Advisors LLC purchased a new position in Emerson Radio Corporation (NYSEAMERICAN:MSN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 quarter.

Emerson Radio Trading Up 1.4%

MSN opened at $0.41 on Friday. The firm 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 12 month low of $0.28 and a 12 month high of $0.85. The stock has a 50-day moving average of $0.42 and a 200 day moving average of $0.40.

Emerson Radio (NYSEAMERICAN:MSN) last released its quarterly earnings results on Tuesday, February 17th. The company reported ($0.03) EPS for the quarter. The company 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%.

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.