ClearOne, Inc. (NASDAQ:CLRO) Short Interest Update

ClearOne, Inc. (NASDAQ:CLROGet Free Report) was the target of a significant 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 company’s stock are sold short. Based on an average daily trading volume, of 19,140,081 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

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

Get Our Latest Analysis on ClearOne

ClearOne Price Performance

CLRO stock opened at $5.34 on Monday. ClearOne has a fifty-two week low of $2.71 and a fifty-two week high of $16.50. The stock has a market capitalization of $14.31 million, a price-to-earnings ratio of -1.56 and a beta of 0.13. The business’s fifty day moving average price is $4.75 and its two-hundred day moving average price is $4.75.

Hedge Funds Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC increased its position in shares of ClearOne, Inc. (NASDAQ:CLROFree Report) by 53.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,064 shares of the communications equipment provider’s stock after acquiring 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 institutional investors and hedge funds.

ClearOne Company Profile

(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.

Further Reading

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.