Short Interest To Observe: What’s Propelling Clearone Incorporated (NASDAQ:CLRO) After Lower Shorts Reported?

November 29, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest To Observe: What’s Propelling Clearone Incorporated (NASDAQ:CLRO) After Lower Shorts Reported?

The stock of Clearone Incorporated (NASDAQ:CLRO) registered a decrease of 33.99% in short interest. CLRO’s total short interest was 30,100 shares in November as published by FINRA. Its down 33.99% from 45,600 shares, reported previously. With 5,900 shares average volume, it will take short sellers 5 days to cover their CLRO’s short positions. The short interest to Clearone Incorporated’s float is 0.67%. About 10,803 shares traded hands or 64.65% up from the average. ClearOne Incoprorated (NASDAQ:CLRO) has risen 5.29% since April 26, 2016 and is uptrending. It has outperformed by 0.03% the S&P500.

ClearOne, Inc. is a global firm that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The company has a market cap of $96.84 million. The Firm designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses. It has a 20.35 P/E ratio. The Company’s end users range from companies and institutions to small and medium-sized businesses, higher education and government organizations, as well as individual consumers.

Insitutional Activity: The institutional sentiment increased to 1.8 in 2016 Q2. Its up 1.50, from 0.3 in 2016Q1. The ratio increased, as 5 funds sold all ClearOne Incoprorated shares owned while 5 reduced positions. 0 funds bought stakes while 3 increased positions. They now own 1.64 million shares or 14.55% less from 1.92 million shares in 2016Q1.
The Illinois-based Lsv Asset has invested 0% in ClearOne Incoprorated (NASDAQ:CLRO). The Massachusetts-based Wellington Ltd Liability Partnership has invested 0% in ClearOne Incoprorated (NASDAQ:CLRO). Fmr Ltd Liability holds 0% or 252,000 shares in its portfolio. Moreover, California Employees Retirement System has 0% invested in ClearOne Incoprorated (NASDAQ:CLRO) for 25,300 shares. Wells Fargo & Co Mn accumulated 1 shares or 0% of the stock. Renaissance Techs, a New York-based fund reported 158,000 shares. Morgan Stanley has invested 0% of its portfolio in ClearOne Incoprorated (NASDAQ:CLRO). Blackrock Investment Management Ltd Com last reported 0% of its portfolio in the stock. Geode Cap Mngmt last reported 0% of its portfolio in the stock. Eagle Global Advsrs Limited Co reported 54,989 shares or 0.02% of all its holdings. Blackrock Fund owns 18,086 shares or 0% of their US portfolio. Tower Rech Cap Limited Liability (Trc) has 950 shares for 0% of their US portfolio. Vanguard holds 137,333 shares or 0% of its portfolio. Manufacturers Life Insurance Com The has 0% invested in the company for 466 shares. Northern Trust holds 10,389 shares or 0% of its portfolio.

Insider Transactions: Since June 2, 2016, the stock had 1 insider purchase, and 1 sale for $393,245 net activity. The insider HENDRICKS LARRY bought 1,012 shares worth $10,628. HUNTSMAN SCOTT sold 35,832 shares worth $403,873.

ClearOne Incoprorated (NASDAQ:CLRO) Ratings Coverage

Out of 2 analysts covering ClearOne Inc (NASDAQ:CLRO), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. ClearOne Inc has been the topic of 3 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was maintained by B. RIley on Monday, March 14 with “Buy”.

CLRO Company Profile

ClearOne, Inc. (ClearOne), incorporated in July 8, 1983, is a global firm that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Firm designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses. The Company’s end users range from companies and institutions to small and medium-sized businesses, higher education and government organizations, as well as individual consumers. The Firm sells its commercial products to end users primarily through a network of independent distributors, who in turn sells its products to dealers, systems integrators and other resellers. The Company’s products are categorized into the Professional audio communication products; Unified communications audio end points, and Visual communication products.

More news for ClearOne Incoprorated (NASDAQ:CLRO) were recently published by: Nasdaq.com, which released: “ClearOne, Inc. (CLRO) Ex-Dividend Date Scheduled for November 14, 2016” on November 11, 2016. Prnewswire.com‘s article titled: “ClearOne Announces Distribution Agreement with National Source AV in Canada” and published on November 10, 2016 is yet another important article.

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By Marie Mckinney

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