Clearone Inc (NASDAQ:CLRO) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 143,600 shares, a decrease of 5.9% from the August 15th total of 152,600 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 8,200 shares, the short-interest ratio is currently 17.5 days.
A hedge fund recently raised its stake in Clearone stock. Renaissance Technologies LLC boosted its holdings in Clearone Inc (NASDAQ:CLRO) by 4.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 252,375 shares of the communications equipment provider’s stock after purchasing an additional 9,600 shares during the period. Renaissance Technologies LLC owned about 1.52% of Clearone worth $563,000 at the end of the most recent reporting period. 5.17% of the stock is currently owned by hedge funds and other institutional investors.
CLRO traded up $0.02 on Monday, reaching $1.85. The company’s stock had a trading volume of 602 shares, compared to its average volume of 9,575. Clearone has a 1 year low of $1.12 and a 1 year high of $2.60. The company has a current ratio of 5.05, a quick ratio of 2.61 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $2.21 and its 200 day moving average is $2.17.
Clearone (NASDAQ:CLRO) last issued its quarterly earnings results on Wednesday, August 14th. The communications equipment provider reported ($0.10) EPS for the quarter. The business had revenue of $6.42 million during the quarter. Clearone had a negative net margin of 64.33% and a negative return on equity of 31.73%.
ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, streaming, and digital signage solutions for voice and visual communications in the United States and internationally. The company offers various professional audio communication products, including professional 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; and professional microphones for use in various applications.
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