ClearOne, Inc. (NASDAQ:CLRO) Stock Short Interest Report for September

ClearOne, Inc. (NASDAQ:CLRO) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 387,282 shares, a growth of 1,407.6% from the September 15th total of 25,688 shares. Currently, 14.5% of the shares of the stock are short sold. Based on an average daily volume of 2,712,550 shares, the days-to-cover ratio is currently 0.1 days.

ClearOne Stock Performance

Shares of NASDAQ:CLRO traded down $0.20 during midday trading on Friday, hitting $3.91. 24,000 shares of the stock were exchanged, compared to its average volume of 1,720,382. The business’s 50-day moving average price is $5.11 and its 200 day moving average price is $4.50. ClearOne has a 12 month low of $2.71 and a 12 month high of $16.50. The stock has a market capitalization of $10.48 million, a price-to-earnings ratio of -3.40 and a beta of 0.10.

ClearOne (NASDAQ:CLRO) last issued its quarterly earnings data on Friday, August 14th. The communications equipment provider reported ($0.34) earnings per share (EPS) for the quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CLRO. Wall Street Zen raised shares of ClearOne to a “sell” rating in a research note on Saturday, September 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ClearOne in a report on Thursday, August 27th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, ClearOne has a consensus rating of “Sell”.

About ClearOne

ClearOne, Inc (NASDAQ: CLRO) develops and supplies audio and visual communications solutions for professional collaboration and conferencing environments. Its offerings are designed to support voice and video communication in meeting rooms, classrooms, government facilities, healthcare settings, corporate offices, and other commercial applications.

The company’s product portfolio includes professional microphones, audio conferencing systems, digital signal processors, mixers, loudspeakers, amplifiers, video conferencing products, and related collaboration and network streaming solutions.