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

ClearOne, Inc. (NASDAQ:CLRO) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 7,075 shares, a growth of 25.6% from the November 30th total of 5,631 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 19,769 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 19,769 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the company are short sold.

ClearOne Trading Up 7.0%

CLRO opened at $5.20 on Wednesday. The stock’s 50 day simple moving average is $5.18 and its 200-day simple moving average is $5.61. The stock has a market cap of $11.65 million, a PE ratio of -0.74 and a beta of -0.13. ClearOne has a 1 year low of $3.83 and a 1 year high of $21.00.

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

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ClearOne in a report on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Insider Buying and Selling at ClearOne

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

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.