ClearOne, Inc. (NASDAQ:CLRO) Short Interest Down 92.2% in July

ClearOne, Inc. (NASDAQ:CLRO) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 11,157 shares, a decline of 92.2% from the July 15th total of 142,551 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 79,070 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On ClearOne

A hedge fund recently raised its position in ClearOne stock. DRW Securities LLC boosted its holdings in ClearOne, Inc. (NASDAQ:CLRO) by 53.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,064 shares of the communications equipment provider’s stock after purchasing an additional 10,452 shares during the quarter. DRW Securities LLC owned about 1.34% of ClearOne worth $153,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 9.58% of the company’s stock.

ClearOne Stock Down 29.3%

CLRO traded down $2.63 during trading on Tuesday, reaching $6.35. 384,075 shares of the stock traded hands, compared to its average volume of 1,996,050. The stock’s 50-day moving average is $5.33 and its 200 day moving average is $4.72. ClearOne has a 12 month low of $2.71 and a 12 month high of $16.50. The stock has a market capitalization of $17.02 million, a PE ratio of -1.86 and a beta of 0.11.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded ClearOne from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently 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.