ClearOne, Inc. (NASDAQ:CLRO – Get Free Report) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 18,161 shares, a growth of 417.9% from the June 15th total of 3,507 shares. Based on an average daily volume of 38,692 shares, the short-interest ratio is presently 0.5 days. Approximately 0.7% of the company’s shares are short sold.
Institutional Investors Weigh In On ClearOne
A hedge fund recently raised its stake in ClearOne stock. DRW Securities LLC lifted its stake in shares of ClearOne, Inc. (NASDAQ:CLRO – Free Report) by 53.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 1.34% of ClearOne worth $153,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 9.58% of the company’s stock.
ClearOne Trading Down 13.1%
Shares of ClearOne stock opened at $8.39 on Friday. The company has a fifty day moving average price of $4.08 and a 200 day moving average price of $4.64. ClearOne has a twelve month low of $2.71 and a twelve month high of $16.50. The stock has a market cap of $22.49 million, a price-to-earnings ratio of -2.45 and a beta of 0.13.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on ClearOne
About ClearOne
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.
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