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

ClearSign Technologies Co. (NASDAQ:CLIR) was the recipient of a large decrease in short interest during the month of 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 company’s stock are sold short. Based on an average daily volume of 130,500 shares, the short-interest ratio is presently 1.7 days.

Institutional Investors Weigh In On ClearSign Technologies

Large investors have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new stake in ClearSign Technologies in the fourth quarter valued at approximately $49,000. Raymond James Financial Inc. purchased a new stake in ClearSign Technologies in the fourth quarter valued at approximately $75,000. Renaissance Technologies LLC purchased a new stake in ClearSign Technologies in the fourth quarter valued at approximately $84,000. Northern Trust Corp boosted its position in 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 buying an additional 14,521 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position 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 valued at $443,000 after buying an additional 136,639 shares during the last quarter. Hedge funds and other institutional investors own 24.03% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of ClearSign Technologies in a report on Tuesday. They set a “sell” rating on the stock.

ClearSign Technologies Stock Down 0.6 %

Shares of CLIR traded down $0.01 during mid-day trading on Wednesday, hitting $0.80. 19,666 shares of the company traded hands, compared to its average volume of 109,611. ClearSign Technologies has a 1-year low of $0.62 and a 1-year high of $1.72. The company has a market capitalization of $39.94 million, a PE ratio of -7.23 and a beta of 1.04. The business has a 50 day moving average of $1.03 and a 200 day moving average of $0.98.

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.