ClearOne, Inc. (NASDAQ:CLRO) Short Interest Down 34.7% in May

ClearOne, Inc. (NASDAQ:CLROGet Free Report) was the target of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 37,600 shares, a decline of 34.7% from the May 15th total of 57,600 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 2,710,000 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT raised its holdings in ClearOne, Inc. (NASDAQ:CLROFree Report) by 5,150.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 210,000 shares of the communications equipment provider’s stock after acquiring an additional 206,000 shares during the quarter. Albion Financial Group UT owned approximately 0.88% of ClearOne worth $384,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 9.58% of the company’s stock.

ClearOne Trading Down 18.6 %

Shares of NASDAQ CLRO traded down $0.17 during trading hours on Friday, hitting $0.72. 789,819 shares of the company traded hands, compared to its average volume of 114,669. The stock has a market capitalization of $17.26 million, a price-to-earnings ratio of -10.29 and a beta of 0.84. The company’s 50 day moving average price is $0.91 and its 200 day moving average price is $1.05. ClearOne has a 12 month low of $0.64 and a 12 month high of $2.48.

ClearOne (NASDAQ:CLROGet Free Report) last released its earnings results on Monday, May 20th. The communications equipment provider reported ($0.08) earnings per share for the quarter. The company had revenue of $3.62 million for the quarter. ClearOne had a negative net margin of 8.96% and a negative return on equity of 12.92%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded ClearOne from a “buy” rating to a “hold” rating in a research note on Monday, May 13th.

Check Out Our Latest Analysis on CLRO

ClearOne Company Profile

(Get Free Report)

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.

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