Short Interest in ClearOne, Inc. (NASDAQ:CLRO) Increases By 684.9%

ClearOne, Inc. (NASDAQ:CLRO) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 142,551 shares, an increase of 684.9% from the June 30th total of 18,161 shares. Based on an average daily volume of 19,140,081 shares, the days-to-cover ratio is currently 0.0 days. Approximately 5.4% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings lowered 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, According to data from MarketBeat, ClearOne currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC lifted its position in shares of ClearOne, Inc. (NASDAQ:CLRO) by 53.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,064 shares of the communications equipment provider’s stock after buying 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 reporting period. 9.58% of the stock is currently owned by institutional investors.

ClearOne Price Performance

Shares of CLRO stock opened at $5.34 on Friday. The business’s 50 day simple moving average is $4.75 and its 200 day simple moving average is $4.75. ClearOne has a one year low of $2.71 and a one year high of $16.50. The stock has a market capitalization of $14.31 million, a PE ratio of -1.56 and a beta of 0.13.

About ClearOne

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.