ClearOne, Inc. (NASDAQ:CLRO) Short Interest Down 44.8% in January

ClearOne, Inc. (NASDAQ:CLRO) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 14,840 shares, a drop of 44.8% from the January 15th total of 26,862 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 9,966 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily volume of 9,966 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.7% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of ClearOne in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ClearOne presently has a consensus rating of “Sell”.

Insider Buying and Selling at ClearOne

In other news, major shareholder Edward D. Bagley sold 700,000 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $3.00, for a total value of $2,100,000.00. Following the completion of the sale, the insider owned 140,668 shares of the company’s stock, valued at $422,004. This represents a 83.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ClearOne

A hedge fund recently raised its stake in ClearOne stock. DRW Securities LLC raised its holdings in shares of ClearOne, Inc. (NASDAQ:CLRO) by 53.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,064 shares of the communications equipment provider’s stock after buying an additional 10,452 shares during the period. DRW Securities LLC owned about 1.34% of ClearOne worth $153,000 as of its most recent SEC filing. Institutional investors and hedge funds own 9.58% of the company’s stock.

ClearOne Stock Down 0.9%

NASDAQ:CLRO traded down $0.06 during trading hours on Friday, reaching $6.43. 4,488 shares of the stock were exchanged, compared to its average volume of 7,511. The stock has a market capitalization of $14.39 million, a P/E ratio of -0.92 and a beta of -0.05. The firm has a 50 day simple moving average of $5.97 and a 200-day simple moving average of $5.32. ClearOne has a 52 week low of $3.83 and a 52 week high of $15.42.

ClearOne (NASDAQ:CLRO) last posted its quarterly earnings results on Friday, November 14th. The communications equipment provider reported ($0.50) earnings per share (EPS) for the quarter. ClearOne had a negative net margin of 120.46% and a negative return on equity of 73.47%.

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.