ClearOne, Inc. (NASDAQ:CLRO) Short Interest Up 204.5% in March

ClearOne, Inc. (NASDAQ:CLRO) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 1,641 shares, an increase of 204.5% from the March 15th total of 539 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 6,532 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ClearOne in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, ClearOne has a consensus rating of “Sell”.

Insider Buying and Selling

In related news, major shareholder Finance Ltd. First purchased 437,500 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was acquired at an average price of $4.00 per share, with a total value of $1,750,000.00. Following the completion of the purchase, the insider directly owned 1,641,162 shares in the company, valued at $6,564,648. This trade represents a 36.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is currently owned by company insiders.

Institutional Trading of ClearOne

A hedge fund recently raised its stake in ClearOne stock. DRW Securities LLC grew its position in shares of ClearOne, Inc. (NASDAQ:CLRO) by 53.3% during the fourth quarter, according to its most recent disclosure 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 quarter. DRW Securities LLC owned approximately 1.34% of ClearOne worth $153,000 as of its most recent SEC filing. 9.58% of the stock is currently owned by institutional investors.

ClearOne Trading Up 0.8%

ClearOne stock traded up $0.02 during midday trading on Monday, reaching $3.19. The company’s stock had a trading volume of 1,397 shares, compared to its average volume of 4,968. ClearOne has a 52 week low of $3.00 and a 52 week high of $15.42. The business has a 50-day moving average price of $4.80 and a 200-day moving average price of $5.26. The stock has a market cap of $8.54 million, a PE ratio of -0.24 and a beta of 0.12.

ClearOne (NASDAQ:CLRO) last released its earnings results on Tuesday, March 31st. The communications equipment provider reported ($2.38) earnings per share (EPS) for the quarter. The business had revenue of ($4.23) million during 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.