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

ClearSign Technologies Co. (NASDAQ:CLIR) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 235,500 shares, a decrease of 5.1% from the November 15th total of 248,100 shares. Based on an average trading volume of 121,100 shares, the short-interest ratio is presently 1.9 days.

Institutional Investors Weigh In On ClearSign Technologies

A hedge fund recently raised its stake in ClearSign Technologies stock. Geode Capital Management LLC boosted its position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 35.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 521,229 shares of the technology company’s stock after purchasing an additional 136,639 shares during the quarter. Geode Capital Management LLC owned about 1.04% of ClearSign Technologies worth $443,000 at the end of the most recent reporting period. 24.03% of the stock is currently owned by institutional investors.

ClearSign Technologies Price Performance

Shares of ClearSign Technologies stock opened at $1.09 on Thursday. ClearSign Technologies has a 1 year low of $0.62 and a 1 year high of $1.35. The firm has a market cap of $54.76 million, a price-to-earnings ratio of -9.91 and a beta of 1.14. The company has a 50-day moving average of $0.97 and a 200 day moving average of $0.85.

Wall Street Analyst Weigh In

CLIR has been the topic of a number of recent analyst reports. HC Wainwright reiterated a “buy” rating and issued a $6.00 price objective on shares of ClearSign Technologies in a research report on Thursday, August 22nd. StockNews.com started coverage on shares of ClearSign Technologies in a report on Thursday, December 12th. They issued 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.