ClearOne, Inc. (NASDAQ:CLRO) Sees Significant Increase in Short Interest

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

ClearOne Price Performance

Shares of CLRO opened at $0.61 on Friday. The stock has a market capitalization of $14.53 million, a PE ratio of -3.37 and a beta of 0.59. The business’s fifty day moving average price is $0.59 and its 200 day moving average price is $0.60. ClearOne has a 12-month low of $0.45 and a 12-month high of $1.88.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on ClearOne in a report on Sunday, March 23rd. 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.