ClearOne, Inc. (NASDAQ:CLRO) Sees Large Drop in Short Interest

ClearOne, Inc. (NASDAQ:CLRO) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 37,900 shares, a drop of 37.1% from the January 31st total of 60,300 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 486,100 shares, the short-interest ratio is currently 0.1 days.

ClearOne Trading Up 52.1 %

Shares of ClearOne stock traded up $0.27 during trading on Monday, reaching $0.79. The stock had a trading volume of 33,292,830 shares, compared to its average volume of 1,333,842. The company has a market capitalization of $18.84 million, a price-to-earnings ratio of -4.37 and a beta of 0.63. The stock has a fifty day moving average price of $0.63 and a two-hundred day moving average price of $0.59. ClearOne has a 52 week low of $0.45 and a 52 week high of $2.48.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of ClearOne in a report on Thursday. They set 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.