ClearSign Technologies Co. (NASDAQ:CLIR) Short Interest Down 7.5% in November

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on CLIR. HC Wainwright reissued a “buy” rating and set a $6.00 target price on shares of ClearSign Technologies in a report on Thursday, August 22nd. StockNews.com assumed coverage on shares of ClearSign Technologies in a research note on Tuesday, November 26th. They set a “sell” rating on the stock.

Hedge Funds Weigh In On ClearSign Technologies

An institutional investor recently bought a new position in ClearSign Technologies stock. Americana Partners LLC purchased a new stake in ClearSign Technologies Co. (NASDAQ:CLIR) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 30,000 shares of the technology company’s stock, valued at approximately $25,000. Americana Partners LLC owned 0.06% of ClearSign Technologies at the end of the most recent reporting period. 24.03% of the stock is owned by institutional investors and hedge funds.

ClearSign Technologies Trading Down 0.8 %

Shares of ClearSign Technologies stock traded down $0.01 during trading hours on Monday, reaching $1.17. 91,379 shares of the company’s stock were exchanged, compared to its average volume of 80,250. ClearSign Technologies has a 52-week low of $0.62 and a 52-week high of $1.42. The company has a fifty day moving average of $0.89 and a 200-day moving average of $0.82. The firm has a market capitalization of $58.77 million, a price-to-earnings ratio of -10.64 and a beta of 1.07.

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.