Short Interest in ClearSign Technologies Corporation (NASDAQ:CLIR) Grows By 48.3%

ClearSign Technologies Corporation (NASDAQ:CLIR) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 263,955 shares, a growth of 48.3% from the February 26th total of 177,980 shares. Approximately 5.2% of the company’s shares are sold short. Based on an average daily trading volume, of 251,089 shares, the short-interest ratio is presently 1.1 days.

ClearSign Technologies Trading Up 0.5%

Shares of CLIR stock traded up $0.02 during trading hours on Friday, reaching $3.74. The company’s stock had a trading volume of 9,762 shares, compared to its average volume of 21,782. ClearSign Technologies has a one year low of $3.24 and a one year high of $11.20. The stock has a market capitalization of $20.05 million, a P/E ratio of -3.12 and a beta of 1.26. The firm’s fifty day simple moving average is $5.53 and its 200 day simple moving average is $6.86.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Americana Partners LLC grew its holdings in ClearSign Technologies by 83.3% in the fourth quarter. Americana Partners LLC now owns 55,000 shares of the technology company’s stock worth $31,000 after purchasing an additional 25,000 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of ClearSign Technologies by 895.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 71,730 shares of the technology company’s stock valued at $40,000 after purchasing an additional 64,523 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of ClearSign Technologies by 89.6% during the fourth quarter. Renaissance Technologies LLC now owns 77,800 shares of the technology company’s stock valued at $43,000 after purchasing an additional 36,769 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of ClearSign Technologies by 801.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 81,209 shares of the technology company’s stock worth $45,000 after purchasing an additional 72,200 shares in the last quarter. Finally, Beacon Pointe Advisors LLC purchased a new stake in shares of ClearSign Technologies in the 2nd quarter worth approximately $145,000. 24.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ClearSign Technologies in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.00.

About ClearSign Technologies

ClearSign Technologies Corporation is a clean energy technology company specializing in advanced combustion solutions that significantly reduce emissions of nitrogen oxides (NOx), carbon monoxide (CO), and greenhouse gases from industrial and power generation sources. Established in 2010 and based in Santa Rosa, California, ClearSign has developed proprietary burner and sensing platforms designed to enhance fuel efficiency and environmental performance for gas turbines, furnaces, boilers, and incineration units.

The company’s core offerings center around two technology platforms: the XCL™ ultra-low NOx combustion system and the SGM™ (Syngas & Gas Measurement) sensor suite.