Short Interest in ClearOne, Inc. (NASDAQ:CLRO) Grows By 331.1%

ClearOne, Inc. (NASDAQ:CLRO) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 327,200 shares, an increase of 331.1% from the February 28th total of 75,900 shares. Based on an average daily volume of 1,000,000 shares, the short-interest ratio is presently 0.3 days. Currently, 4.2% of the company’s stock are short sold.

ClearOne Stock Down 7.7 %

Shares of CLRO stock traded down $0.05 during trading on Friday, reaching $0.61. 21,242 shares of the company’s stock were exchanged, compared to its average volume of 348,840. The firm’s fifty day moving average price is $0.59 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 $1.97. The stock has a market capitalization of $14.72 million, a PE ratio of -3.41 and a beta of 0.59.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on ClearOne in a report on Sunday, March 23rd. They set a “hold” rating for the company.

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.