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

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

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of ClearSign Technologies in a research note on Tuesday. They issued a “sell” rating for the company.

Hedge Funds Weigh In On ClearSign Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new stake in ClearSign Technologies during the 4th quarter valued at $49,000. Raymond James Financial Inc. acquired a new stake in ClearSign Technologies during the 4th quarter valued at $75,000. Renaissance Technologies LLC acquired a new stake in ClearSign Technologies during the 4th quarter valued at $84,000. Northern Trust Corp lifted its holdings in ClearSign Technologies by 23.8% during the 4th 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 during the last quarter. Finally, Geode Capital Management LLC lifted 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 valued at $443,000 after purchasing an additional 136,639 shares during the last quarter. 24.03% of the stock is owned by institutional investors.

ClearSign Technologies Trading Down 3.1 %

NASDAQ:CLIR opened at $0.78 on Tuesday. ClearSign Technologies has a 1-year low of $0.62 and a 1-year high of $1.72. The firm has a fifty day simple moving average of $1.03 and a 200 day simple moving average of $0.98. The stock has a market capitalization of $39.19 million, a PE ratio of -7.09 and a beta of 1.04.

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.