ClearSign Technologies Co. (NASDAQ:CLIR) Short Interest Update

ClearSign Technologies Co. (NASDAQ:CLIR) was the target of a large growth in short interest in 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 volume of 122,600 shares, the days-to-cover ratio is currently 2.8 days.

ClearSign Technologies Stock Performance

CLIR stock 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. The company’s fifty day moving average is $1.02 and its 200 day moving average is $0.87. The company has a market cap of $69.83 million, a P/E ratio of -12.64 and a beta of 1.14. ClearSign Technologies has a 1 year low of $0.62 and a 1 year high of $1.54.

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 ClearSign Technologies Co. (NASDAQ:CLIR) by 35.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 521,229 shares of the technology company’s stock after acquiring an additional 136,639 shares during the period. 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 and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on ClearSign Technologies in a report on Saturday. They issued a “sell” rating for the company.

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.