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

ClearOne, Inc. (NASDAQ:CLRO) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 62,700 shares, a drop 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.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ClearOne stock. Albion Financial Group UT boosted its stake in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm 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 0.88% of ClearOne worth $384,000 as of its most recent filing with the SEC. 9.58% of the stock is currently owned by hedge funds and other institutional investors.

ClearOne Price Performance

NASDAQ:CLRO traded down $0.01 during trading hours on Friday, reaching $0.68. The company had a trading volume of 10,157 shares, compared to its average volume of 1,359,942. ClearOne has a 1-year low of $0.63 and a 1-year high of $2.48. The business’s 50 day moving average price is $0.77 and its 200-day moving average price is $1.03. The firm has a market cap of $16.30 million, a PE ratio of -9.86 and a beta of 0.81.

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

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of ClearOne in a report on Wednesday. They issued a “hold” rating on the stock.

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.