Short Interest in ClearOne, Inc. (NASDAQ:CLRO) Decreases By 68.1%

ClearOne, Inc. (NASDAQ:CLRO) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 7,400 shares, a decrease of 68.1% from the August 15th total of 23,200 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 72,100 shares, the days-to-cover ratio is currently 0.1 days.

ClearOne Stock Up 0.9 %

ClearOne stock traded up $0.01 during midday trading on Friday, reaching $0.59. 29,251 shares of the company traded hands, compared to its average volume of 1,032,446. ClearOne has a 12 month low of $0.53 and a 12 month high of $2.48. The business has a 50 day moving average of $0.64 and a two-hundred day moving average of $0.91.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on ClearOne in a report on Thursday. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT increased its position in shares of ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 210,000 shares of the communications equipment provider’s stock after purchasing an additional 206,000 shares during the period. Albion Financial Group UT owned 0.88% of ClearOne worth $384,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 9.58% of the company’s 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.