ClearOne, Inc. (NASDAQ:CLRO) Shares Shorted: Short Interest Up 1,407.6% in September

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

ClearOne Trading Down 4.9%

Shares of CLRO opened at $3.91 on Friday. The stock has a market cap of $10.46 million, a P/E ratio of -3.40 and a beta of 0.10. ClearOne has a 1 year low of $2.71 and a 1 year high of $16.50. The stock’s 50-day moving average price is $5.11 and its two-hundred day moving average price is $4.50.

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

Analysts Set New Price Targets

A number of analysts recently weighed in on CLRO shares. Wall Street Zen raised shares of ClearOne to a “sell” rating in a report on Saturday, September 5th. Weiss Ratings restated 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. According to data from MarketBeat.com, the stock presently 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.