ClearOne, Inc. (NASDAQ:CLRO) Short Interest Update

ClearOne, Inc. (NASDAQ:CLRO) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 32,700 shares, a drop of 55.8% from the December 31st total of 73,900 shares. Based on an average trading volume of 412,800 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the shares of the stock are sold short.

ClearOne Price Performance

Shares of NASDAQ:CLRO traded up $0.01 during trading on Wednesday, reaching $0.55. The stock had a trading volume of 89,745 shares, compared to its average volume of 843,886. The stock has a market capitalization of $13.16 million, a PE ratio of -3.05 and a beta of 0.65. ClearOne has a 52 week low of $0.46 and a 52 week high of $2.48. The business’s 50-day moving average price is $0.63 and its 200 day moving average price is $0.61.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of ClearOne in a research report on Sunday. 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.