ClearSign Technologies Co. (NASDAQ:CLIR) Short Interest Update

ClearSign Technologies Co. (NASDAQ:CLIR) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 339,700 shares, a growth of 44.2% from the November 30th total of 235,500 shares. Based on an average trading volume of 122,600 shares, the short-interest ratio is currently 2.8 days.

ClearSign Technologies Trading Up 19.4 %

NASDAQ CLIR traded up $0.24 during trading on Monday, hitting $1.46. The company had a trading volume of 457,802 shares, compared to its average volume of 83,617. The company has a market cap of $73.16 million, a price-to-earnings ratio of -13.24 and a beta of 1.14. The company’s fifty day moving average is $1.02 and its 200-day moving average is $0.87. ClearSign Technologies has a one year low of $0.62 and a one year high of $1.54.

Hedge Funds Weigh In On ClearSign Technologies

An institutional investor recently bought a new position in ClearSign Technologies stock. Americana Partners LLC bought a new stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 30,000 shares of the technology company’s stock, valued at approximately $25,000. Americana Partners LLC owned 0.06% of ClearSign Technologies at the end of the most recent reporting period. Hedge funds and other institutional investors own 24.03% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of ClearSign Technologies in a report on Saturday. They set a “sell” rating on the stock.

ClearSign Technologies Company Profile

ClearSign Technologies Corporation designs and develops products and technologies to enhance emission and operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States, the People's Republic of China, and Hong Kong.