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

ClearOne, Inc. (NASDAQ:CLRO) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 52,965 shares, an increase of 374.7% from the July 30th total of 11,157 shares. Based on an average daily trading volume, of 8,450,136 shares, the days-to-cover ratio is currently 0.0 days. Currently, 2.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of ClearOne from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ClearOne presently has an average rating of “Sell”.

ClearOne Price Performance

NASDAQ:CLRO opened at $6.07 on Wednesday. The company has a market cap of $16.27 million, a price-to-earnings ratio of -1.78 and a beta of 0.11. ClearOne has a 1 year low of $2.71 and a 1 year high of $16.50. The stock’s 50 day simple moving average is $5.78 and its two-hundred day simple moving average is $4.63.

ClearOne (NASDAQ:CLRO) last posted its earnings results on Friday, August 14th. The communications equipment provider reported ($0.34) EPS for the quarter.

Hedge Funds Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC lifted its holdings in ClearOne, Inc. (NASDAQ:CLRO) by 53.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,064 shares of the communications equipment provider’s stock after buying an additional 10,452 shares during the period. DRW Securities LLC owned about 1.34% of ClearOne worth $153,000 at the end of the most recent reporting period. 9.58% of the stock is currently owned by institutional investors.

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.