ClearOne, Inc. (NASDAQ:CLRO) Short Interest Update

ClearOne, Inc. (NASDAQ:CLRO) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 10,600 shares, an increase of 960.0% from the September 15th total of 1,000 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 34,700 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On ClearOne

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT raised its stake in shares of ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 210,000 shares of the communications equipment provider’s stock after acquiring 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. Hedge funds and other institutional investors own 9.58% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of ClearOne in a report on Sunday, October 6th. They issued a “hold” rating for the company.

ClearOne Stock Up 4.7 %

CLRO stock opened at $0.61 on Friday. The stock has a market capitalization of $14.50 million, a price-to-earnings ratio of -4.03 and a beta of 0.81. The stock’s fifty day simple moving average is $0.60 and its 200-day simple moving average is $0.81. ClearOne has a 52-week low of $0.53 and a 52-week high of $2.48.

ClearOne (NASDAQ:CLRO) last issued its earnings results on Wednesday, August 14th. The communications equipment provider reported ($0.12) earnings per share for the quarter. ClearOne had a negative net margin of 22.89% and a negative return on equity of 19.94%. The firm had revenue of $2.30 million during the quarter.

About ClearOne

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.