Short Interest in ClearOne, Inc. (NASDAQ:CLRO) Declines By 37.1%

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

ClearOne Stock Performance

Shares of ClearOne stock opened at $0.72 on Tuesday. ClearOne has a 52-week low of $0.45 and a 52-week high of $2.48. The stock has a market capitalization of $17.35 million, a P/E ratio of -4.03 and a beta of 0.63. The stock’s 50-day simple moving average is $0.63 and its 200 day simple moving average is $0.59.

Analyst Ratings Changes

Separately, StockNews.com began coverage on ClearOne in a research report on Thursday, February 27th. They set a “hold” rating on the stock.

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.