Short Interest in ClearSign Technologies Co. (NASDAQ:CLIR) Rises By 44.2%

ClearSign Technologies Co. (NASDAQ:CLIR) was the recipient of a significant growth in short interest in 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 daily trading volume, of 122,600 shares, the short-interest ratio is presently 2.8 days.

Analyst Upgrades and Downgrades

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

ClearSign Technologies Price Performance

NASDAQ CLIR traded up $0.17 on Monday, reaching $1.39. The company had a trading volume of 566,967 shares, compared to its average volume of 84,137. ClearSign Technologies has a 1 year low of $0.62 and a 1 year high of $1.54. The firm has a 50-day moving average of $1.02 and a 200-day moving average of $0.87. The firm has a market capitalization of $69.83 million, a PE ratio of -12.64 and a beta of 1.14.

Institutional Investors 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 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 30,000 shares of the technology company’s stock, valued at approximately $25,000. Americana Partners LLC owned about 0.06% of ClearSign Technologies at the end of the most recent quarter. 24.03% of the stock is owned by institutional investors and hedge funds.

About ClearSign Technologies

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.