ClearSign Technologies Co. (NASDAQ:CLIR) Short Interest Down 5.1% in November

ClearSign Technologies Co. (NASDAQ:CLIR) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 235,500 shares, a decrease of 5.1% from the November 15th total of 248,100 shares. Based on an average daily trading volume, of 121,100 shares, the short-interest ratio is currently 1.9 days.

Institutional Trading of ClearSign Technologies

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. StockNews.com started coverage on ClearSign Technologies in a report on Thursday, December 12th. They issued a “sell” rating on the stock. HC Wainwright reissued a “buy” rating and issued a $6.00 price target on shares of ClearSign Technologies in a research note on Thursday, August 22nd.

ClearSign Technologies Stock Performance

Shares of NASDAQ:CLIR opened at $1.15 on Tuesday. The firm has a 50 day simple moving average of $0.97 and a 200 day simple moving average of $0.85. ClearSign Technologies has a 52 week low of $0.62 and a 52 week high of $1.35. The company has a market cap of $57.77 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.