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

ClearOne, Inc. (NASDAQ:CLRO) was the recipient of a significant growth in short interest in 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. Based on an average daily trading volume, of 8,450,136 shares, the short-interest ratio is presently 0.0 days. Approximately 2.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

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

ClearOne Stock Performance

Shares of CLRO stock traded down $0.28 during trading hours on Thursday, reaching $5.97. The company had a trading volume of 22,890 shares, compared to its average volume of 4,427,282. The company has a market capitalization of $16.00 million, a P/E ratio of -1.75 and a beta of 0.11. ClearOne has a twelve month low of $2.71 and a twelve month high of $16.50. The stock’s fifty day simple moving average is $5.88 and its 200 day simple moving average is $4.62.

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

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.