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

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

ClearOne Price Performance

Shares of NASDAQ:CLRO traded down $0.20 during trading hours on Friday, hitting $5.34. 33,304 shares of the company’s stock traded hands, compared to its average volume of 9,718,183. The firm has a market capitalization of $14.31 million, a P/E ratio of -1.56 and a beta of 0.13. The business has a fifty day moving average price of $4.75 and a 200-day moving average price of $4.75. ClearOne has a 1 year low of $2.71 and a 1 year high of $16.50.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC raised its holdings in ClearOne, Inc. (NASDAQ:CLRO) by 53.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,064 shares of the communications equipment provider’s stock after acquiring an additional 10,452 shares during the quarter. DRW Securities LLC owned approximately 1.34% of ClearOne worth $153,000 as of its most recent filing with the Securities & Exchange Commission. 9.58% of the stock is owned by institutional investors and hedge funds.

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.