ClearOne, Inc. (NASDAQ:CLRO) Short Interest Up 988.1% in November

ClearOne, Inc. (NASDAQ:CLRO) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 256,800 shares, an increase of 988.1% from the November 15th total of 23,600 shares. Based on an average daily trading volume, of 113,700 shares, the short-interest ratio is presently 2.3 days. Currently, 2.5% of the company’s shares are sold short.

ClearOne Stock Performance

Shares of NASDAQ:CLRO opened at $0.57 on Friday. ClearOne has a 12-month low of $0.46 and a 12-month high of $2.48. The company’s 50 day moving average price is $0.56 and its two-hundred day moving average price is $0.62.

Wall Street Analysts Forecast Growth

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