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

ClearSign Technologies Co. (NASDAQ:CLIR) saw 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. Based on an average trading volume of 130,500 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.5% of the company’s shares are sold short.

ClearSign Technologies Price Performance

ClearSign Technologies stock opened at $0.77 on Thursday. The stock has a market cap of $38.81 million, a price-to-earnings ratio of -7.02 and a beta of 1.04. The firm has a 50-day moving average of $1.02 and a two-hundred day moving average of $0.98. ClearSign Technologies has a 1 year low of $0.62 and a 1 year high of $1.72.

Analysts Set New Price Targets

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

Institutional Trading of ClearSign Technologies

A number of large investors have recently modified their holdings of the company. Geode Capital Management LLC increased its holdings in ClearSign Technologies by 35.5% during the 3rd quarter. Geode Capital Management LLC now owns 521,229 shares of the technology company’s stock worth $443,000 after purchasing an additional 136,639 shares during the period. Citadel Advisors LLC bought a new position in shares of ClearSign Technologies during the 4th quarter worth $49,000. Northern Trust Corp increased its stake in shares of ClearSign Technologies by 23.8% during 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 period. Raymond James Financial Inc. bought a new stake in shares of ClearSign Technologies in the fourth quarter valued at about $75,000. Finally, Renaissance Technologies LLC purchased a new stake in ClearSign Technologies in the fourth quarter worth about $84,000. Hedge funds and other institutional investors own 24.03% of the company’s stock.

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.