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

ClearOne, Inc. (NASDAQ:CLRO) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 349,000 shares, a decline of 57.0% from the March 31st total of 811,100 shares. Approximately 3.5% of the shares of the stock are sold short. Based on an average daily volume of 2,670,000 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of ClearOne in a report on Friday, April 19th. They set a “hold” rating on the stock.

Institutional Investors Weigh In On ClearOne

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT increased its holdings in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 210,000 shares of the communications equipment provider’s stock after purchasing an additional 206,000 shares during the period. Albion Financial Group UT owned approximately 0.88% of ClearOne worth $384,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 9.58% of the company’s stock.

ClearOne Price Performance

Shares of ClearOne stock remained flat at $0.91 on Friday. 46,054 shares of the stock traded hands, compared to its average volume of 2,152,965. The firm has a market cap of $21.90 million, a PE ratio of -45.69 and a beta of 0.92. ClearOne has a 52-week low of $0.64 and a 52-week high of $2.65. The company’s 50 day moving average price is $1.30 and its 200-day moving average price is $1.01.

ClearOne (NASDAQ:CLRO) last released its quarterly earnings data on Tuesday, April 2nd. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $4.15 million for the quarter. ClearOne had a negative net margin of 2.99% and a negative return on equity of 10.61%.

ClearOne Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 11th.

About ClearOne

ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, and network streaming solutions for voice and visual communications in the United States and internationally. The company offers a range of audio conferencing products, including professional audio conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; USB-based personal and group speakerphones that could be used with PCs, laptops, tablets, smartphones, and other portable devices; and traditional tabletop conferencing phones used in conference rooms and offices.