ClearOne, Inc. (NASDAQ:CLRO) Sees Large Drop in Short Interest

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

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on ClearOne in a research report on Friday. They issued a “hold” rating for the company.

ClearOne Price Performance

Shares of NASDAQ CLRO traded down $0.07 during mid-day trading on Tuesday, hitting $0.70. The company had a trading volume of 325,335 shares, compared to its average volume of 1,544,920. ClearOne has a 12 month low of $0.46 and a 12 month high of $2.48. The firm has a market cap of $16.78 million, a P/E ratio of -3.89 and a beta of 0.65. The business’s 50-day simple moving average is $0.62 and its 200-day simple moving average is $0.62.

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.