ClearOne, Inc. (NASDAQ:CLRO) Short Interest Down 85.4% in February

ClearOne, Inc. (NASDAQ:CLRO) saw a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 1,891 shares, a decline of 85.4% from the February 12th total of 12,983 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 7,400 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 7,400 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Insider Buying and Selling

In other ClearOne news, major shareholder Finance Ltd. First purchased 437,500 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were purchased at an average cost of $4.00 per share, with a total value of $1,750,000.00. Following the purchase, the insider owned 1,641,162 shares in the company, valued at approximately $6,564,648. This represents a 36.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC lifted its stake in shares of ClearOne, Inc. (NASDAQ:CLRO) by 53.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 1.34% of ClearOne worth $153,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 9.58% of the company’s stock.

ClearOne Stock Up 4.8%

Shares of CLRO stock traded up $0.21 during mid-day trading on Tuesday, reaching $4.61. The company’s stock had a trading volume of 3,658 shares, compared to its average volume of 6,566. The firm has a market capitalization of $10.33 million, a PE ratio of -0.66 and a beta of -0.01. The company’s 50 day simple moving average is $5.89 and its 200-day simple moving average is $5.40. ClearOne has a 12-month low of $3.83 and a 12-month high of $15.42.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ClearOne in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ClearOne 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.