What Will Happen to SINGING MACHINE COMPAN (OTCMKTS:SMDM) Next? The Stock Has Increase in Shorts

December 19, 2017 - By Clifton Ray

The stock of SINGING MACHINE COMPAN (OTCMKTS:SMDM) registered an increase of 150% in short interest. SMDM’s total short interest was 1,000 shares in December as published by FINRA. Its up 150% from 400 shares, reported previously.

The stock decreased 2.13% or $0.01 during the last trading session, reaching $0.46. About 28,269 shares traded or 42.81% up from the average. The Singing Machine Company, Inc. (OTCMKTS:SMDM) has 0.00% since December 19, 2016 and is . It has underperformed by 16.70% the S&P500.

The Singing Machine Company, Inc. engages in the development, production, marketing, and distribution of consumer karaoke audio equipment, toy products, accessories, music, and audio consumer electronic products in North America, Europe, Australia, and South Africa. The company has market cap of $17.61 million. It offers classic karaoke machines that incorporate traditional karaoke features, such as CD+G playback, echo, voice control, sound enhancement, built-in monitors, A/V out connections to TV for scrolling lyrics, and microphone inputs, as well as built-in cameras, Bluetooth, and recording functions. It has a 46 P/E ratio. The firm also provides streaming karaoke machines, which include a line of digital karaoke machines that connect to a karaoke library to stream high-definition karaoke videos directly to the machine.

More notable recent The Singing Machine Company, Inc. (OTCMKTS:SMDM) news were published by: Prnewswire.com which released: “Singing Machine Introduces Home, the World’s First Smart Bluetooth Speaker …” on October 10, 2013, also Marketwired.com with their article: “Singing Machine Introduces the Remix — The Latest Hi-Def Download Karaoke System” published on September 15, 2016, Globenewswire.com published: “Singing Machine Announces Record Black Friday & Cyber Week Results” on December 05, 2017. More interesting news about The Singing Machine Company, Inc. (OTCMKTS:SMDM) were released by: Miamiherald.com and their article: “How this karaoke company survived the digital darlings and made lots of money” published on September 18, 2016 as well as Prnewswire.com‘s news article titled: “Singing Machine® Announces Homeâ„¢ 2.0, the Next Generation Bluetooth Speaker …” with publication date: December 02, 2014.

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