ClearOne, Inc. (NASDAQ:CLRO) Sees Large Decline in Short Interest

by · The Cerbat Gem

ClearOne, Inc. (NASDAQ:CLRO – Get Free Report) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 32,700 shares, a decline of 55.8% from the December 15th total of 73,900 shares. Based on an average daily trading volume, of 412,800 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the shares of the stock are short sold.

ClearOne Stock Performance

ClearOne stock traded down $0.07 on Tuesday, reaching $0.70. The company’s stock had a trading volume of 325,335 shares, compared to its average volume of 1,544,920. ClearOne has a twelve month low of $0.46 and a twelve month high of $2.48. The company has a market cap of $16.78 million, a price-to-earnings ratio of -3.89 and a beta of 0.65. The business’s fifty day moving average price is $0.62 and its 200 day moving average price is $0.62.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on ClearOne

About ClearOne

(Get Free Report)

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.

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