ClearOne, Inc. (NASDAQ:CLRO) Short Interest Up 374.7% in August

ClearOne, Inc. (NASDAQ:CLRO) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 52,965 shares, a growth of 374.7% from the July 30th total of 11,157 shares. Currently, 2.0% of the shares of the company are short sold. Based on an average trading volume of 8,450,136 shares, the days-to-cover ratio is presently 0.0 days.

ClearOne Stock Performance

CLRO opened at $6.07 on Wednesday. The stock has a market cap of $16.27 million, a price-to-earnings ratio of -1.78 and a beta of 0.11. The firm’s fifty day moving average is $5.78 and its 200 day moving average is $4.63. ClearOne has a fifty-two week low of $2.71 and a fifty-two week high of $16.50.

ClearOne (NASDAQ:CLRO) last issued its quarterly earnings results on Friday, August 14th. The communications equipment provider reported ($0.34) earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered ClearOne from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Trading of ClearOne

An institutional investor recently raised its stake in ClearOne stock. DRW Securities LLC boosted its holdings in shares of ClearOne, Inc. (NASDAQ:CLRO) by 53.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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. Hedge funds and other institutional investors own 9.58% of the company’s stock.

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.