ClearOne, Inc. (NASDAQ:CLRO) Short Interest Up 100.3% in February

ClearOne, Inc. (NASDAQ:CLRO) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 75,900 shares, a growth of 100.3% from the February 13th total of 37,900 shares. Based on an average daily volume of 1,000,000 shares, the short-interest ratio is presently 0.1 days. Approximately 1.0% of the shares of the company are sold short.

ClearOne Price Performance

Shares of CLRO traded up $0.01 during midday trading on Friday, reaching $0.64. 65,965 shares of the stock were exchanged, compared to its average volume of 1,161,814. The business’s 50-day moving average price is $0.62 and its 200 day moving average price is $0.60. ClearOne has a twelve month low of $0.45 and a twelve month high of $1.98. The company has a market capitalization of $15.39 million, a price-to-earnings ratio of -3.57 and a beta of 0.59.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on ClearOne in a research report on Saturday. They set 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.