ClearSign Technologies Co. (NASDAQ:CLIR) Sees Significant Decrease in Short Interest

ClearSign Technologies Co. (NASDAQ:CLIR) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 228,100 shares, a decline of 15.2% from the February 13th total of 269,100 shares. Based on an average daily volume of 130,500 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.5% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on ClearSign Technologies in a research note on Tuesday. They set a “sell” rating for the company.

Institutional Trading of ClearSign Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new position in ClearSign Technologies during the fourth quarter valued at $49,000. Raymond James Financial Inc. purchased a new position in shares of ClearSign Technologies during the 4th quarter worth about $75,000. Renaissance Technologies LLC bought a new position in ClearSign Technologies during the 4th quarter valued at about $84,000. Northern Trust Corp raised its position in ClearSign Technologies by 23.8% in the 4th quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock worth $109,000 after purchasing an additional 14,521 shares during the period. Finally, Geode Capital Management LLC lifted its stake in ClearSign Technologies by 35.5% in the third quarter. Geode Capital Management LLC now owns 521,229 shares of the technology company’s stock worth $443,000 after purchasing an additional 136,639 shares during the last quarter. Hedge funds and other institutional investors own 24.03% of the company’s stock.

ClearSign Technologies Price Performance

Shares of NASDAQ CLIR opened at $0.77 on Thursday. The stock has a market capitalization of $38.81 million, a P/E ratio of -7.02 and a beta of 1.04. ClearSign Technologies has a 1-year low of $0.62 and a 1-year high of $1.72. The business’s 50 day moving average is $1.02 and its two-hundred day moving average is $0.98.

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.