Short Interest in ClearOne, Inc. (NASDAQ:CLRO) Drops By 57.0%

ClearOne, Inc. (NASDAQ:CLRO) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 349,000 shares, a decrease of 57.0% from the March 31st total of 811,100 shares. Based on an average daily volume of 2,670,000 shares, the short-interest ratio is presently 0.1 days. Currently, 3.5% of the shares of the company are sold short.

ClearOne Stock Performance

Shares of NASDAQ:CLRO remained flat at $0.91 during midday trading on Friday. The stock had a trading volume of 46,054 shares, compared to its average volume of 2,152,965. ClearOne has a 52-week low of $0.64 and a 52-week high of $2.65. The stock has a market cap of $21.90 million, a P/E ratio of -45.69 and a beta of 0.92. The company has a 50-day simple moving average of $1.30 and a two-hundred day simple moving average of $1.01.

ClearOne (NASDAQ:CLRO) last announced its earnings results on Tuesday, April 2nd. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter. ClearOne had a negative net margin of 2.99% and a negative return on equity of 10.61%. The business had revenue of $4.15 million for the quarter.

ClearOne Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 11th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ClearOne stock. Albion Financial Group UT raised its position in ClearOne, Inc. (NASDAQ:CLRO) by 5,150.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor 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 quarter. 9.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on ClearOne in a research report on Friday, April 19th. They issued a “hold” rating on the stock.

ClearOne Company Profile

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.