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

by · The Cerbat Gem

ClearOne, Inc. (NASDAQ:CLRO – Get Free Report) saw a large 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. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 31,900 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT boosted its holdings in ClearOne, Inc. (NASDAQ:CLRO – Free Report) by 5,150.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 210,000 shares of the communications equipment provider’s stock after buying an additional 206,000 shares during the quarter. Albion Financial Group UT owned approximately 0.88% of ClearOne worth $384,000 at the end of the most recent quarter. 9.58% of the stock is owned by institutional investors and hedge funds.

ClearOne Trading Up 1.2 %

NASDAQ:CLRO traded up $0.01 during trading hours on Monday, hitting $0.59. 4,823 shares of the stock were exchanged, compared to its average volume of 880,642. ClearOne has a 52-week low of $0.53 and a 52-week high of $2.48. The firm’s fifty day moving average price is $0.58 and its 200 day moving average price is $0.71. The company has a market cap of $14.07 million, a P/E ratio of -8.16 and a beta of 0.81.

ClearOne (NASDAQ:CLRO – Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The communications equipment provider reported ($0.12) EPS for the quarter. The firm had revenue of $2.30 million for the quarter. ClearOne had a negative return on equity of 19.94% and a negative net margin of 22.89%.

Wall Street Analysts Forecast Growth

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

View Our Latest Analysis on ClearOne

About ClearOne

(Get Free Report)

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.

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