ClearOne, Inc. (NASDAQ:CLRO – Get 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%
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:CLRO – Free 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
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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