ClearOne, Inc. (NASDAQ:CLRO) Short Interest Down 47.0% in January

ClearOne, Inc. (NASDAQ:CLRO) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 60,300 shares, a decrease of 47.0% from the January 15th total of 113,800 shares. Based on an average daily volume of 482,700 shares, the short-interest ratio is currently 0.1 days. Approximately 0.6% of the company’s stock are sold short.

ClearOne Price Performance

CLRO stock traded up $0.02 during mid-day trading on Thursday, reaching $0.49. The company had a trading volume of 44,593 shares, compared to its average volume of 572,181. The company has a market capitalization of $11.79 million, a price-to-earnings ratio of -2.73 and a beta of 0.63. ClearOne has a 52 week low of $0.45 and a 52 week high of $2.48. The stock has a 50 day simple moving average of $0.64 and a two-hundred day simple moving average of $0.60.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on ClearOne in a report on Tuesday. They set a “hold” rating for the company.

About ClearOne

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.