Short Interest in ClearOne, Inc. (NASDAQ:CLRO) Declines By 37.1%

ClearOne, Inc. (NASDAQ:CLRO) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 37,900 shares, a drop of 37.1% from the January 31st total of 60,300 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 486,100 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on ClearOne in a report on Thursday. They set a “hold” rating for the company.

ClearOne Price Performance

Shares of ClearOne stock opened at $0.52 on Friday. The company has a market cap of $12.39 million, a PE ratio of -2.87 and a beta of 0.63. The firm has a fifty day moving average price of $0.62 and a two-hundred day moving average price of $0.59. ClearOne has a fifty-two week low of $0.45 and a fifty-two week high of $2.48.

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.