ClearOne, Inc. (NASDAQ:CLRO) Sees Significant Increase in Short Interest

ClearOne, Inc. (NASDAQ:CLRO) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 26,862 shares, a growth of 215.0% from the December 31st total of 8,528 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily volume of 18,001 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 18,001 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.2% of the shares of the stock are short sold.

ClearOne Trading Down 1.7%

CLRO stock traded down $0.11 on Friday, hitting $6.39. 16,177 shares of the company’s stock traded hands, compared to its average volume of 14,759. The stock has a market cap of $14.32 million, a price-to-earnings ratio of -0.91 and a beta of -0.09. ClearOne has a 1-year low of $3.83 and a 1-year high of $15.42. The stock has a fifty day moving average of $5.59 and a 200-day moving average of $5.37.

ClearOne (NASDAQ:CLRO) last posted its quarterly earnings results on Friday, November 14th. The communications equipment provider reported ($0.50) earnings per share (EPS) for the quarter. ClearOne had a negative net margin of 120.46% and a negative return on equity of 73.47%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ClearOne in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Insider Buying and Selling at ClearOne

In other news, major shareholder Edward D. Bagley sold 700,000 shares of ClearOne stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $3.00, for a total transaction of $2,100,000.00. Following the completion of the sale, the insider directly owned 140,668 shares in the company, valued at $422,004. The trade was a 83.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.35% of the stock is currently owned by company insiders.

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.