ClearOne, Inc. (NASDAQ:CLRO) Short Interest Up 232.4% in April

ClearOne, Inc. (NASDAQ:CLRO) was the target of a large increase in short interest in 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. Based on an average daily volume of 6,169 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.

Insider Buying and Selling at ClearOne

In other ClearOne news, major shareholder Finance Ltd. First acquired 437,500 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was acquired at an average cost of $4.00 per share, with a total value of $1,750,000.00. Following the purchase, the insider directly owned 1,641,162 shares in the company, valued at approximately $6,564,648. This trade represents a 36.35% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.69% of the stock is currently owned by company insiders.

Institutional Trading of ClearOne

An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC raised its stake in ClearOne, Inc. (NASDAQ:CLRO) by 53.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,064 shares of the communications equipment provider’s stock after purchasing an additional 10,452 shares during the quarter. DRW Securities LLC owned about 1.34% of ClearOne worth $153,000 at the end of the most recent quarter. Institutional investors own 9.58% of the company’s stock.

Wall Street Analyst Weigh In

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

ClearOne Price Performance

CLRO stock traded down $0.30 during midday trading on Friday, hitting $3.04. The stock had a trading volume of 3,747 shares, compared to its average volume of 8,591. The firm has a market cap of $8.13 million, a PE ratio of -0.22 and a beta of 0.16. ClearOne has a 12-month low of $2.71 and a 12-month high of $15.42. The company’s 50-day moving average price is $3.64 and its 200 day moving average price is $4.92.

ClearOne (NASDAQ:CLRO) last released its earnings results on Tuesday, March 31st. The communications equipment provider reported ($2.38) EPS for the quarter. The business had revenue of ($4.23) million for the quarter.

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.