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

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

Institutional Investors Weigh In On ClearSign Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Beacon Pointe Advisors LLC bought a new position in ClearSign Technologies in the 2nd quarter valued at about $145,000. Rockefeller Capital Management L.P. increased its holdings in ClearSign Technologies by 801.4% during 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. Renaissance Technologies LLC raised its stake in shares of ClearSign Technologies by 89.6% in the fourth quarter. Renaissance Technologies LLC now owns 77,800 shares of the technology company’s stock worth $43,000 after purchasing an additional 36,769 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of ClearSign Technologies by 895.3% in 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 in the last quarter. Finally, Americana Partners LLC lifted its holdings in shares of ClearSign Technologies by 83.3% in the fourth quarter. Americana Partners LLC now owns 55,000 shares of the technology company’s stock valued at $31,000 after purchasing an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 24.03% of the company’s stock.

ClearSign Technologies Trading Up 0.5%

Shares of CLIR stock opened at $3.74 on Friday. The firm has a fifty day simple moving average of $5.53 and a two-hundred day simple moving average of $6.86. ClearSign Technologies has a 12 month low of $3.24 and a 12 month high of $11.20. The firm has a market capitalization of $20.05 million, a PE ratio of -3.12 and a beta of 1.26.

Wall Street Analysts Forecast Growth

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

ClearSign Technologies Company Profile

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.