ClearOne, Inc. (NASDAQ:CLRO) Short Interest Up 28.3% in October

ClearOne, Inc. (NASDAQ:CLRO) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 13,600 shares, an increase of 28.3% from the September 30th total of 10,600 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 31,900 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On ClearOne

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

ClearOne Trading Up 1.2 %

Shares of CLRO traded up $0.01 during mid-day trading on Monday, reaching $0.59. The company had a trading volume of 4,823 shares, compared to its average volume of 880,642. The stock has a market cap of $14.07 million, a price-to-earnings ratio of -8.16 and a beta of 0.81. The firm has a fifty day simple moving average of $0.58 and a 200-day simple moving average of $0.71. ClearOne has a fifty-two week low of $0.53 and a fifty-two week high of $2.48.

ClearOne (NASDAQ:CLRO) last announced its quarterly earnings results on Wednesday, August 14th. The communications equipment provider reported ($0.12) earnings per share for the quarter. The company had revenue of $2.30 million during the quarter. ClearOne had a negative net margin of 22.89% and a negative return on equity of 19.94%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of ClearOne in a research note on Tuesday, October 22nd. They set a “hold” rating for the company.

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.