ClearOne, Inc. (NASDAQ:CLRO) Sees Significant Growth in Short Interest

ClearOne, Inc. (NASDAQ:CLRO) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 26,862 shares, a growth of 215.0% from the December 31st total of 8,528 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily volume of 18,001 shares, the short-interest ratio is presently 1.5 days. Based on an average daily volume of 18,001 shares, the short-interest ratio is presently 1.5 days. Currently, 1.2% of the company’s stock are short sold.

Insider Activity

In other news, major shareholder Edward D. Bagley sold 700,000 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $3.00, for a total transaction of $2,100,000.00. Following the completion of the transaction, the insider directly owned 140,668 shares of the company’s stock, valued at approximately $422,004. The trade was a 83.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.35% of the company’s stock.

ClearOne Trading Up 1.4%

Shares of ClearOne stock opened at $6.81 on Wednesday. The company has a fifty day simple moving average of $5.51 and a 200-day simple moving average of $5.35. The stock has a market cap of $15.24 million, a price-to-earnings ratio of -0.97 and a beta of -0.09. ClearOne has a 12-month low of $3.83 and a 12-month high of $15.42.

ClearOne (NASDAQ:CLRO) last announced its quarterly earnings results on Friday, November 14th. The communications equipment provider reported ($0.50) earnings per share for the quarter. ClearOne had a negative net margin of 120.46% and a negative return on equity of 73.47%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ClearOne in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

ClearOne Company Profile

ClearOne (NASDAQ:CLRO) is a global provider of audio and visual communication solutions designed for conferencing, collaboration and streaming applications. Headquartered in Salt Lake City, Utah, the company develops hardware and software systems that integrate audio capture, video processing and digital signage. Its product portfolio spans professional-grade conference speakers and microphones, beamforming ceiling arrays, USB and networked video cameras, and cloud-based collaboration platforms.

At the core of ClearOne’s offering are its conferencing devices, which support both on-premises and cloud deployments.