Short Interest in ClearOne, Inc. (NASDAQ:CLRO) Declines By 53.0%

ClearOne, Inc. (NASDAQ:CLRO) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 24,903 shares, a decline of 53.0% from the August 15th total of 52,965 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily volume of 49,168 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

CLRO has been the topic of a number of research analyst reports. Wall Street Zen upgraded ClearOne to a “sell” rating in a report on Saturday, September 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ClearOne in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

ClearOne Trading Down 2.3%

CLRO stock traded down $0.10 during trading on Wednesday, reaching $4.31. 20,127 shares of the stock were exchanged, compared to its average volume of 1,703,740. The firm’s 50 day moving average is $5.93 and its 200 day moving average is $4.53. The firm has a market cap of $11.55 million, a P/E ratio of -3.75 and a beta of 0.16. ClearOne has a twelve month low of $2.71 and a twelve month high of $16.50.

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

About ClearOne

ClearOne (NASDAQ:CLRO) is a global provider of audio and visual communication solutions designed for conferencing, collaboration and streaming applications. Headquartered in Salt Lake City, Utah, the company develops hardware and software systems that integrate audio capture, video processing and digital signage. Its product portfolio spans professional-grade conference speakers and microphones, beamforming ceiling arrays, USB and networked video cameras, and cloud-based collaboration platforms.

At the core of ClearOne’s offering are its conferencing devices, which support both on-premises and cloud deployments.