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

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on ClearOne in a report on Monday. They set a “hold” rating on the stock.

ClearOne Stock Down 3.3 %

Shares of NASDAQ:CLRO traded down $0.02 on Wednesday, reaching $0.58. The company had a trading volume of 108,259 shares, compared to its average volume of 795,714. ClearOne has a twelve month low of $0.46 and a twelve month high of $2.48. The stock has a 50-day moving average price of $0.56 and a 200 day moving average price of $0.62. The stock has a market capitalization of $13.95 million, a P/E ratio of -3.33 and a beta of 0.76.

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.