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

ClearOne, Inc. (NASDAQ:CLRO) was the recipient of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 14,840 shares, a drop of 44.8% from the January 15th total of 26,862 shares. Based on an average daily trading volume, of 9,966 shares, the short-interest 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 trading volume, of 9,966 shares, the short-interest ratio is presently 1.5 days.

Insider Buying and Selling

In other ClearOne news, major shareholder Edward D. Bagley sold 700,000 shares of ClearOne stock in a transaction that occurred on Monday, November 24th. The shares were 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 of the company’s stock, valued at $422,004. The trade was a 83.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

Institutional Trading of ClearOne

An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC increased its stake in ClearOne, Inc. (NASDAQ:CLRO) by 53.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 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 hedge funds and other institutional investors.

ClearOne Stock Up 5.2%

Shares of NASDAQ:CLRO opened at $6.58 on Friday. The company has a market capitalization of $14.73 million, a price-to-earnings ratio of -0.94 and a beta of -0.05. The company has a 50 day moving average of $5.94 and a two-hundred day moving average of $5.31. ClearOne has a 52-week low of $3.83 and a 52-week high of $15.42.

ClearOne (NASDAQ:CLRO) last posted its earnings results on Friday, November 14th. The communications equipment provider reported ($0.50) EPS for the quarter. ClearOne had a negative return on equity of 73.47% and a negative net margin of 120.46%.

Wall Street Analyst Weigh In

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