ClearOne, Inc. (NASDAQ:CLRO) Sees Significant Growth in Short Interest

ClearOne, Inc. (NASDAQ:CLRO) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 23,600 shares, an increase of 76.1% from the October 31st total of 13,400 shares. Based on an average daily trading volume, of 102,800 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of ClearOne in a report on Saturday, November 23rd. They issued a “hold” rating on the stock.

ClearOne Stock Performance

Shares of CLRO stock traded up $0.01 during mid-day trading on Thursday, hitting $0.49. The company’s stock had a trading volume of 160,267 shares, compared to its average volume of 823,393. ClearOne has a 52 week low of $0.46 and a 52 week high of $2.48. The company’s fifty day simple moving average is $0.57 and its 200-day simple moving average is $0.64. The company has a market cap of $11.63 million, a PE ratio of -2.69 and a beta of 0.83.

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.