Short Interest in ClearSign Technologies Co. (NASDAQ:CLIR) Decreases By 15.2%

ClearSign Technologies Co. (NASDAQ:CLIR) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 228,100 shares, a drop of 15.2% from the February 13th total of 269,100 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 130,500 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Investors Weigh In On ClearSign Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of CLIR. Geode Capital Management LLC lifted its holdings in shares of ClearSign Technologies by 35.5% during the third quarter. Geode Capital Management LLC now owns 521,229 shares of the technology company’s stock worth $443,000 after buying an additional 136,639 shares in the last quarter. Renaissance Technologies LLC acquired a new position in ClearSign Technologies in the fourth quarter valued at about $84,000. Raymond James Financial Inc. acquired a new position in ClearSign Technologies in the fourth quarter valued at about $75,000. Citadel Advisors LLC acquired a new position in ClearSign Technologies in the fourth quarter valued at about $49,000. Finally, Northern Trust Corp raised its stake 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 purchasing an additional 14,521 shares in the last quarter. Institutional investors and hedge funds own 24.03% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on ClearSign Technologies in a report on Tuesday. They set a “sell” rating for the company.

ClearSign Technologies Stock Performance

CLIR opened at $0.78 on Tuesday. ClearSign Technologies has a fifty-two week low of $0.62 and a fifty-two week high of $1.72. The company has a market capitalization of $39.19 million, a P/E ratio of -7.09 and a beta of 1.04. The stock has a fifty day moving average of $1.03 and a 200-day moving average of $0.98.

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.