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

ClearOne, Inc. (NASDAQ:CLRO) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 142,551 shares, an increase of 684.9% from the June 30th total of 18,161 shares. Approximately 5.4% of the shares of the stock are sold short. Based on an average daily volume of 19,140,081 shares, the days-to-cover ratio is presently 0.0 days.

ClearOne Trading Down 3.6%

ClearOne stock opened at $5.34 on Friday. The stock has a 50-day moving average price of $4.75 and a two-hundred day moving average price of $4.75. ClearOne has a 12 month low of $2.71 and a 12 month high of $16.50. The company has a market capitalization of $14.31 million, a PE ratio of -1.56 and a beta of 0.13.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC boosted its holdings in shares of ClearOne, Inc. (NASDAQ:CLRO) by 53.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 1.34% of ClearOne worth $153,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 9.58% of the company’s stock.

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.