ClearOne, Inc. (NASDAQ:CLRO) Short Interest Update
by Doug Wharley · The Cerbat GemClearOne, Inc. (NASDAQ:CLRO – Get Free Report) was the recipient of a large increase in short interest in the month of 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. Based on an average trading volume of 6,532 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold.
ClearOne Trading Down 4.5%
Shares of CLRO traded down $0.15 during trading hours on Friday, reaching $3.17. 1,397 shares of the stock traded hands, compared to its average volume of 4,948. ClearOne has a 52-week low of $3.00 and a 52-week high of $15.42. The company’s 50-day moving average price is $4.80 and its two-hundred day moving average price is $5.26. The company has a market cap of $8.50 million, a P/E ratio of -0.45 and a beta of 0.12.
ClearOne (NASDAQ:CLRO – Get Free Report) last released its earnings results on Tuesday, March 31st. The communications equipment provider reported ($2.38) earnings per share for the quarter. The company had revenue of ($4.23) million for the quarter.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ClearOne in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ClearOne currently has an average rating of “Sell”.
Get Our Latest Analysis on CLRO
Insider Activity
In other ClearOne news, major shareholder Finance Ltd. First acquired 437,500 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was purchased at an average price of $4.00 per share, with a total value of $1,750,000.00. Following the transaction, the insider directly owned 1,641,162 shares in the company, valued at approximately $6,564,648. The trade was a 36.35% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.35% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
An institutional investor recently raised its position in ClearOne stock. DRW Securities LLC lifted its position in shares of ClearOne, Inc. (NASDAQ:CLRO – Free Report) by 53.3% during the fourth quarter, according to the company in its most recent 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 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.
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.