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

ClearOne, Inc. (NASDAQ:CLRO) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 62,700 shares, a decrease of 45.3% from the June 15th total of 114,600 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 147,500 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on ClearOne in a research note on Wednesday. They issued a “hold” rating on the stock.

ClearOne Price Performance

NASDAQ CLRO traded down $0.01 on Friday, reaching $0.68. 10,157 shares of the company’s stock traded hands, compared to its average volume of 1,359,942. The stock has a market cap of $16.30 million, a PE ratio of -9.86 and a beta of 0.81. ClearOne has a 12 month low of $0.63 and a 12 month high of $2.48. The stock has a 50-day simple moving average of $0.77 and a 200 day simple moving average of $1.03.

ClearOne (NASDAQ:CLRO) last issued its earnings results on Monday, May 20th. The communications equipment provider reported ($0.08) earnings per share for the quarter. ClearOne had a negative net margin of 8.96% and a negative return on equity of 12.92%. The company had revenue of $3.62 million for the quarter.

Hedge Funds 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 the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 210,000 shares of the communications equipment provider’s stock after purchasing 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 reporting period. 9.58% of the stock is currently owned by hedge funds and other institutional investors.

ClearOne Company Profile

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.