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

ClearSign Technologies Co. (NASDAQ:CLIRGet Rating) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 459,800 shares, a decrease of 29.3% from the March 15th total of 650,400 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average trading volume of 82,300 shares, the days-to-cover ratio is presently 5.6 days.

Several large investors have recently modified their holdings of CLIR. Morgan Stanley boosted its position in shares of ClearSign Technologies by 26.4% in the first quarter. Morgan Stanley now owns 108,343 shares of the technology company’s stock worth $615,000 after purchasing an additional 22,603 shares during the period. Millennium Management LLC bought a new position in ClearSign Technologies in the 2nd quarter worth $94,000. Close Asset Management Ltd boosted its holdings in ClearSign Technologies by 211.1% in the 3rd quarter. Close Asset Management Ltd now owns 14,000 shares of the technology company’s stock worth $28,000 after buying an additional 9,500 shares during the period. Avidian Wealth Solutions LLC boosted its holdings in ClearSign Technologies by 30.3% in the 3rd quarter. Avidian Wealth Solutions LLC now owns 115,995 shares of the technology company’s stock worth $232,000 after buying an additional 27,000 shares during the period. Finally, Moors & Cabot Inc. bought a new position in ClearSign Technologies in the 3rd quarter worth $42,000. Hedge funds and other institutional investors own 8.65% of the company’s stock.

The business has a fifty day simple moving average of $1.36 and a 200 day simple moving average of $1.49. ClearSign Technologies has a one year low of $1.00 and a one year high of $5.44.

Several brokerages have recently weighed in on CLIR. StockNews.com began coverage on shares of ClearSign Technologies in a research note on Monday, April 11th. They issued a “sell” rating on the stock. Zacks Investment Research cut shares of ClearSign Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, January 25th.

About ClearSign Technologies (Get Rating)

ClearSign Technologies Corporation designs and develops products and technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications.

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