ClearOne, Inc. (NASDAQ:CLRO) Short Interest Down 47.0% in January

ClearOne, Inc. (NASDAQ:CLRO) was the target of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 60,300 shares, a decline of 47.0% from the January 15th total of 113,800 shares. Based on an average daily trading volume, of 482,700 shares, the short-interest ratio is presently 0.1 days. Currently, 0.6% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of ClearOne in a report on Tuesday. They set a “hold” rating for the company.

ClearOne Stock Performance

NASDAQ:CLRO traded up $0.02 during mid-day trading on Thursday, hitting $0.49. The company had a trading volume of 44,593 shares, compared to its average volume of 572,181. ClearOne has a fifty-two week low of $0.45 and a fifty-two week high of $2.48. The firm has a market cap of $11.79 million, a P/E ratio of -2.73 and a beta of 0.63. The business’s fifty day moving average is $0.64 and its two-hundred day moving average is $0.60.

About ClearOne

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.