Short Interest in ClearOne, Inc. (NASDAQ:CLRO) Declines By 92.2%

ClearOne, Inc. (NASDAQ:CLROGet Free Report) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 11,157 shares, a drop of 92.2% from the July 15th total of 142,551 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 79,070 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of ClearOne

A hedge fund recently raised its position in ClearOne stock. DRW Securities LLC lifted its stake in shares of ClearOne, Inc. (NASDAQ:CLROFree Report) by 53.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing. 9.58% of the stock is owned by hedge funds and other institutional investors.

ClearOne Stock Down 29.3%

Shares of CLRO stock traded down $2.63 on Tuesday, reaching $6.35. The company had a trading volume of 384,075 shares, compared to its average volume of 1,996,050. The business’s 50-day moving average is $5.33 and its 200 day moving average is $4.72. ClearOne has a one year low of $2.71 and a one year high of $16.50. The stock has a market capitalization of $17.02 million, a PE ratio of -1.86 and a beta of 0.11.

Analyst Upgrades and Downgrades

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

Get Our Latest Report on CLRO

About ClearOne

(Get Free Report)

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.

See Also

Receive News & Ratings for ClearOne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ClearOne and related companies with MarketBeat.com's FREE daily email newsletter.