Emerson Radio Corp. (NYSEAMERICAN:MSN) Sees Significant Decline in Short Interest

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

Emerson Radio Trading Up 5.0 %

Emerson Radio stock traded up $0.02 during midday trading on Friday, hitting $0.50. The company’s stock had a trading volume of 20,245 shares, compared to its average volume of 26,137. The stock has a market cap of $10.52 million, a PE ratio of -3.33 and a beta of 0.41. Emerson Radio has a 12 month low of $0.35 and a 12 month high of $0.83.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Emerson Radio in a report on Saturday, January 11th. They issued a “sell” rating for the company.

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.