ClearOne, Inc. (NASDAQ:CLRO) Sees Large Decline in Short Interest

ClearOne, Inc. (NASDAQ:CLROGet Free Report) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 14,840 shares, a decrease of 44.8% from the January 15th total of 26,862 shares. Based on an average daily volume of 9,966 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 9,966 shares, the days-to-cover ratio is presently 1.5 days.

ClearOne Stock Down 0.9%

Shares of ClearOne stock traded down $0.06 on Friday, reaching $6.43. The stock had a trading volume of 4,488 shares, compared to its average volume of 6,176. The stock has a market capitalization of $14.40 million, a P/E ratio of -0.92 and a beta of -0.05. The company has a 50 day moving average price of $5.97 and a 200 day moving average price of $5.32. ClearOne has a 1 year low of $3.83 and a 1 year high of $15.42.

ClearOne (NASDAQ:CLROGet Free Report) last posted its earnings results on Friday, November 14th. The communications equipment provider reported ($0.50) EPS 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 reissued a “sell (e+)” rating on shares of ClearOne in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ClearOne has an average rating of “Sell”.

Get Our Latest Report on CLRO

Insider Transactions at ClearOne

In other ClearOne news, major shareholder Edward D. Bagley sold 700,000 shares of the firm’s stock in a transaction on 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 transaction, the insider directly owned 140,668 shares in the company, valued at $422,004. This trade represents a 83.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.35% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ClearOne stock. DRW Securities LLC boosted its holdings in shares of ClearOne, Inc. (NASDAQ:CLROFree Report) by 53.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 1.34% of ClearOne worth $153,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 9.58% of the company’s stock.

ClearOne Company Profile

(Get Free Report)

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.

Further Reading

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