ClearOne, Inc. (NASDAQ:CLRO) Short Interest Update

ClearOne, Inc. (NASDAQ:CLRO) was the recipient of a large increase in short interest in 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. Approximately 2.5% of the shares of the company are short sold. Based on an average trading volume of 113,700 shares, the short-interest ratio is currently 2.3 days.

Analyst Upgrades and Downgrades

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

ClearOne Stock Performance

Shares of CLRO stock traded down $0.02 during trading hours on Wednesday, hitting $0.58. The company had a trading volume of 108,259 shares, compared to its average volume of 795,714. ClearOne has a 12 month low of $0.46 and a 12 month high of $2.48. The firm has a market capitalization of $13.95 million, a price-to-earnings ratio of -3.33 and a beta of 0.76. The firm’s fifty day moving average is $0.56 and its 200 day 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.