ClearOne, Inc. (NASDAQ:CLRO) Short Interest Up 331.1% in March

ClearOne, Inc. (NASDAQ:CLRO) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 327,200 shares, a growth of 331.1% from the February 28th total of 75,900 shares. Currently, 4.2% of the company’s stock are sold short. Based on an average daily trading volume, of 1,000,000 shares, the days-to-cover ratio is presently 0.3 days.

ClearOne Stock Down 8.9 %

Shares of NASDAQ CLRO opened at $0.61 on Friday. ClearOne has a fifty-two week low of $0.45 and a fifty-two week high of $1.88. The business has a 50 day moving average price of $0.59 and a two-hundred day moving average price of $0.60. The firm has a market cap of $14.53 million, a PE ratio of -3.37 and a beta of 0.59.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on ClearOne in a research note on Sunday, March 23rd. They set 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.