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

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

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of 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 MarketBeat.com, the stock presently has an average rating of “Sell”.

Read Our Latest Stock Analysis on ClearOne

ClearOne Stock Down 11.5%

NASDAQ:CLRO traded down $0.73 during mid-day trading on Wednesday, reaching $5.62. The company’s stock had a trading volume of 154,862 shares, compared to its average volume of 1,983,305. The stock has a fifty day moving average of $5.39 and a 200-day moving average of $4.71. ClearOne has a 1 year low of $2.71 and a 1 year high of $16.50. The firm has a market capitalization of $15.06 million, a PE ratio of -1.64 and a beta of 0.11.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC raised its position in shares of ClearOne, Inc. (NASDAQ:CLROFree Report) by 53.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 1.34% of ClearOne worth $153,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 9.58% of the company’s stock.

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.

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