ClearOne, Inc. (NASDAQ:CLRO) Short Interest Up 100.3% in February

ClearOne, Inc. (NASDAQ:CLRO) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 75,900 shares, a growth of 100.3% from the February 13th total of 37,900 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,000,000 shares, the days-to-cover ratio is currently 0.1 days.

ClearOne Trading Up 1.1 %

NASDAQ:CLRO traded up $0.01 during midday trading on Friday, reaching $0.64. The company had a trading volume of 65,965 shares, compared to its average volume of 1,161,814. The firm has a market capitalization of $15.39 million, a price-to-earnings ratio of -3.57 and a beta of 0.59. The stock’s fifty day simple moving average is $0.62 and its 200-day simple moving average is $0.60. ClearOne has a 12-month low of $0.45 and a 12-month high of $1.98.

Analyst Upgrades and Downgrades

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

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.