Short Interest in Emerson Radio Corp. (NYSEAMERICAN:MSN) Drops By 29.1%

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

Emerson Radio Stock Up 4.3 %

Shares of MSN stock traded up $0.02 during trading hours on Friday, hitting $0.47. 3,529 shares of the company were exchanged, compared to its average volume of 8,049. Emerson Radio has a one year low of $0.36 and a one year high of $0.83.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Emerson Radio in a report on Friday. They issued a “sell” rating on the stock.

Emerson Radio Company Profile

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.