ClearOne, Inc. (NASDAQ:CLRO) Stock Short Interest Jumps 1,407.6%

ClearOne, Inc. (NASDAQ:CLRO) was the recipient of a large growth in short interest in 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. Approximately 14.5% of the company’s shares are short sold. Based on an average daily trading volume, of 2,712,550 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CLRO. Wall Street Zen raised 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 investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

ClearOne Price Performance

NASDAQ CLRO traded down $0.20 during mid-day trading on Friday, reaching $3.91. 24,000 shares of the stock were exchanged, compared to its average volume of 1,720,382. The stock has a market cap of $10.48 million, a P/E ratio of -3.40 and a beta of 0.10. ClearOne has a one year low of $2.71 and a one year high of $16.50. The stock has a 50 day simple moving average of $5.11 and a 200-day simple moving average of $4.50.

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

ClearOne Company Profile

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.