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

ClearOne, Inc. (NASDAQ:CLRO) saw a significant decrease in short interest in 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 daily volume of 79,070 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On ClearOne

A hedge fund recently raised its stake in ClearOne stock. DRW Securities LLC boosted its stake in ClearOne, Inc. (NASDAQ:CLRO) by 53.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,064 shares of the communications equipment provider’s stock after buying an additional 10,452 shares during the quarter. DRW Securities LLC owned approximately 1.34% of ClearOne worth $153,000 at the end of the most recent quarter. 9.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings cut ClearOne from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ClearOne has an average rating of “Sell”.

ClearOne Price Performance

NASDAQ CLRO traded down $0.14 on Thursday, hitting $5.65. 47,135 shares of the stock were exchanged, compared to its average volume of 1,970,101. ClearOne has a 52-week low of $2.71 and a 52-week high of $16.50. The company has a market capitalization of $15.12 million, a price-to-earnings ratio of -1.65 and a beta of 0.11. The company’s 50-day moving average price is $5.44 and its two-hundred day moving average price is $4.71.

ClearOne Company Profile

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.