ClearSign Technologies Corporation (NASDAQ:CLIR) Short Interest Up 107.0% in September

ClearSign Technologies Corporation (NASDAQ:CLIR) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 419,800 shares, a growth of 107.0% from the September 15th total of 202,800 shares. Based on an average daily volume of 753,000 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 753,000 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ClearSign Technologies in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.00.

Hedge Funds Weigh In On ClearSign Technologies

Large investors have recently made changes to their positions in the business. Integrity Alliance LLC. purchased a new position in shares of ClearSign Technologies during the first quarter valued at approximately $30,000. 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. Finally, Beacon Pointe Advisors LLC purchased a new position in shares of ClearSign Technologies during the second quarter valued at approximately $145,000. 24.03% of the stock is currently owned by hedge funds and other institutional investors.

ClearSign Technologies Price Performance

Shares of CLIR opened at $0.85 on Monday. ClearSign Technologies has a one year low of $0.46 and a one year high of $1.72. The company has a 50-day simple moving average of $0.69 and a two-hundred day simple moving average of $0.62. The firm has a market capitalization of $44.62 million, a PE ratio of -7.74 and a beta of 1.18.

ClearSign Technologies (NASDAQ:CLIR) last issued its quarterly earnings data on Thursday, August 14th. The technology company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. ClearSign Technologies had a negative net margin of 203.65% and a negative return on equity of 47.61%. The business had revenue of $0.13 million during the quarter, compared to analyst estimates of $0.64 million. Analysts expect that ClearSign Technologies will post -0.13 EPS for the current fiscal year.

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.