ClearOne, Inc. (NASDAQ:CLRO) Short Interest Up 374.7% in August

ClearOne, Inc. (NASDAQ:CLRO) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 52,965 shares, a growth of 374.7% from the July 30th total of 11,157 shares. Based on an average daily volume of 8,450,136 shares, the short-interest ratio is currently 0.0 days. Approximately 2.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in ClearOne stock. DRW Securities LLC lifted its position in ClearOne, Inc. (NASDAQ:CLRO) by 53.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,064 shares of the communications equipment provider’s stock after acquiring an additional 10,452 shares during the period. DRW Securities LLC owned 1.34% of ClearOne worth $153,000 as of its most recent SEC filing. 9.58% of the stock is owned by hedge funds and other institutional investors.

ClearOne Price Performance

ClearOne stock traded down $0.16 during trading hours on Friday, reaching $5.81. The company had a trading volume of 5,703 shares, compared to its average volume of 1,834,070. ClearOne has a 12-month low of $2.71 and a 12-month high of $16.50. The company has a 50-day moving average price of $5.88 and a 200 day moving average price of $4.62. The firm has a market cap of $15.54 million, a price-to-earnings ratio of -5.05 and a beta of 0.11.

ClearOne (NASDAQ:CLRO) last issued its quarterly earnings data on Friday, August 14th. The communications equipment provider reported ($0.34) EPS for the quarter.

Wall Street Analysts Forecast Growth

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

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.