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

ClearSign Technologies Co. (NASDAQ:CLIR) saw a significant decline in short interest in November. As of November 15th, there was short interest totalling 248,100 shares, a decline of 7.5% from the October 31st total of 268,200 shares. Based on an average daily volume of 105,600 shares, the days-to-cover ratio is currently 2.3 days.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CLIR. HC Wainwright reiterated a “buy” rating and issued a $6.00 target price on shares of ClearSign Technologies in a research note on Thursday, August 22nd. StockNews.com began coverage on shares of ClearSign Technologies in a research note on Wednesday. They set a “sell” rating on the stock.

Hedge Funds Weigh In On ClearSign Technologies

A hedge fund recently raised its stake in ClearSign Technologies stock. Geode Capital Management LLC raised its position in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 35.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 521,229 shares of the technology company’s stock after purchasing an additional 136,639 shares during the period. Geode Capital Management LLC owned 1.04% of ClearSign Technologies worth $443,000 at the end of the most recent quarter. Institutional investors and hedge funds own 24.03% of the company’s stock.

ClearSign Technologies Stock Performance

Shares of NASDAQ CLIR traded up $0.02 during trading on Wednesday, reaching $1.17. The stock had a trading volume of 17,444 shares, compared to its average volume of 80,044. The firm’s 50 day moving average price is $0.91 and its two-hundred day moving average price is $0.83. ClearSign Technologies has a one year low of $0.62 and a one year high of $1.42. The stock has a market cap of $58.52 million, a PE ratio of -10.45 and a beta of 1.14.

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.