ClearOne, Inc. (NASDAQ:CLRO) Short Interest Update

ClearOne, Inc. (NASDAQ:CLRO – Get Rating) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 220,000 shares, a drop of 5.9% from the April 15th total of 233,900 shares. Based on an average trading volume of 894,700 shares, the days-to-cover ratio is currently 0.2 days. Currently, 2.2% of the shares of the company are short sold.

Hedge Funds Weigh In On ClearOne

An institutional investor recently raised its position in ClearOne stock. Renaissance Technologies LLC boosted its position in ClearOne, Inc. (NASDAQ:CLRO – Get Rating) by 28.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 450,660 shares of the communications equipment provider’s stock after purchasing an additional 100,100 shares during the period. Renaissance Technologies LLC owned about 1.88% of ClearOne worth $680,000 as of its most recent SEC filing. Institutional investors own 3.59% of the company’s stock.

ClearOne Trading Up 5.8 %

Shares of CLRO stock opened at $2.00 on Wednesday. The company has a market cap of $47.91 million, a price-to-earnings ratio of 2.41 and a beta of 1.04. The stock has a 50 day simple moving average of $1.41 and a 200-day simple moving average of $1.36. ClearOne has a 12-month low of $0.50 and a 12-month high of $2.27.

ClearOne (NASDAQ:CLRO – Get Rating) last released its quarterly earnings data on Friday, March 31st. The communications equipment provider reported ($0.09) earnings per share for the quarter. ClearOne had a net margin of 81.56% and a negative return on equity of 9.30%. The firm had revenue of $4.02 million during the quarter.

ClearOne Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 22nd will be paid a $1.00 dividend. The ex-dividend date of this dividend is Thursday, June 1st. ClearOne’s payout ratio is currently 33.73%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CLRO shares. StockNews.com started coverage on ClearOne in a research note on Monday. They set a “hold” rating for the company. TheStreet raised ClearOne from a “d” rating to a “c” rating in a research note on Friday, April 21st.

ClearOne Company Profile

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ClearOne, Inc engages in the design, development, and sale of conferencing, collaboration, and network streaming solutions for voice and visual communications. Its products include professional audio conferencing, speakerphones, professional microphones, and video collaboration. The company was founded in 1983 and is headquartered in Salt Lake City, UT.