ClearOne, Inc. (NASDAQ:CLRO) Short Interest Up 215.0% in January

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

Insider Activity

In other news, major shareholder Edward D. Bagley sold 700,000 shares of ClearOne stock in a transaction on Monday, November 24th. The stock was sold at an average price of $3.00, for a total value of $2,100,000.00. Following the completion of the sale, the insider directly owned 140,668 shares of the company’s stock, valued at approximately $422,004. This trade represents a 83.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.35% of the company’s stock.

ClearOne Stock Performance

CLRO traded down $0.35 during trading hours on Thursday, reaching $6.49. The company’s stock had a trading volume of 1,438 shares, compared to its average volume of 14,546. The company’s 50-day moving average is $5.55 and its 200-day moving average is $5.36. ClearOne has a 52 week low of $3.83 and a 52 week high of $15.42. The firm has a market cap of $14.54 million, a PE ratio of -0.93 and a beta of -0.09.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ClearOne in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

ClearOne Company Profile

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.