Short Interest in ClearOne, Inc. (NASDAQ:CLRO) Decreases By 55.8%

ClearOne, Inc. (NASDAQ:CLRO) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 32,700 shares, a decline of 55.8% from the December 31st total of 73,900 shares. Based on an average daily volume of 412,800 shares, the short-interest ratio is currently 0.1 days. Approximately 0.3% of the company’s shares are short sold.

ClearOne Stock Up 1.4 %

CLRO stock traded up $0.01 during midday 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 firm has a market cap of $13.16 million, a price-to-earnings ratio of -3.05 and a beta of 0.65. ClearOne has a twelve month low of $0.46 and a twelve month high of $2.48. The business has a fifty day simple moving average of $0.63 and a two-hundred day simple moving average of $0.61.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on ClearOne in a research report on Sunday. They issued 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.