Short Interest in ClearOne, Inc. (NASDAQ:CLRO) Rises By 232.4%

ClearOne, Inc. (NASDAQ:CLRO) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 4,421 shares, an increase of 232.4% from the April 15th total of 1,330 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 6,169 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Ratings Changes

Separately, Weiss Ratings cut ClearOne from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ClearOne has an average rating of “Sell”.

ClearOne Stock Performance

Shares of NASDAQ CLRO traded down $0.30 during trading on Friday, reaching $3.04. The stock had a trading volume of 3,747 shares, compared to its average volume of 6,744. ClearOne has a fifty-two week low of $2.71 and a fifty-two week high of $15.42. The business’s 50-day moving average price is $3.61 and its 200-day moving average price is $4.90. The company has a market cap of $8.12 million, a P/E ratio of -0.22 and a beta of 0.16.

ClearOne (NASDAQ:CLRO) last issued its quarterly earnings data on Friday, May 15th. The communications equipment provider reported ($0.18) earnings per share for the quarter.

Insider Transactions at ClearOne

In other ClearOne news, major shareholder Finance Ltd. First bought 437,500 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was bought at an average price of $4.00 per share, with a total value of $1,750,000.00. Following the completion of the purchase, the insider directly owned 1,641,162 shares in the company, valued at $6,564,648. The trade was a 36.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On ClearOne

A hedge fund recently raised its stake in ClearOne stock. DRW Securities LLC grew its position in ClearOne, Inc. (NASDAQ:CLRO) by 53.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 Securities and Exchange Commission. 9.58% of the stock is currently owned by institutional investors.

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.