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

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

ClearSign Technologies Trading Down 0.6 %

ClearSign Technologies stock traded down $0.01 during mid-day trading on Wednesday, hitting $0.80. The company had a trading volume of 19,666 shares, compared to its average volume of 109,611. ClearSign Technologies has a 12-month low of $0.62 and a 12-month high of $1.72. The company’s fifty day moving average is $1.03 and its 200-day moving average is $0.98. The company has a market capitalization of $39.94 million, a price-to-earnings ratio of -7.23 and a beta of 1.04.

Institutional Trading of ClearSign Technologies

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of ClearSign Technologies by 35.5% during the 3rd 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. Citadel Advisors LLC acquired a new position in shares of ClearSign Technologies during the fourth quarter valued at approximately $49,000. Northern Trust Corp lifted its position in shares of ClearSign Technologies by 23.8% in the fourth quarter. Northern Trust Corp now owns 75,466 shares of the technology company’s stock valued at $109,000 after acquiring an additional 14,521 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of ClearSign Technologies in the fourth quarter worth approximately $75,000. Finally, Renaissance Technologies LLC acquired a new position in ClearSign Technologies in the 4th quarter valued at $84,000. Institutional investors and hedge funds own 24.03% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on ClearSign Technologies in a research report on Tuesday. They issued a “sell” rating on the stock.

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.