ClearSign Technologies Corporation (NASDAQ:CLIR) Short Interest Update

ClearSign Technologies Corporation (NASDAQ:CLIR) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 26,031 shares, a decrease of 42.9% from the March 31st total of 45,549 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 109,571 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On ClearSign Technologies

Institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its stake in shares of ClearSign Technologies by 801.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 81,209 shares of the technology company’s stock valued at $45,000 after buying an additional 72,200 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake 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 buying an additional 64,523 shares during the period. Renaissance Technologies LLC increased its stake 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 buying an additional 36,769 shares during the period. Finally, Americana Partners LLC increased its stake in shares of ClearSign Technologies by 83.3% during the fourth quarter. Americana Partners LLC now owns 55,000 shares of the technology company’s stock valued at $31,000 after buying an additional 25,000 shares during the period. Hedge funds and other institutional investors own 24.03% of the company’s stock.

ClearSign Technologies Price Performance

Shares of NASDAQ CLIR traded up $0.13 during midday trading on Wednesday, reaching $5.46. 2,503 shares of the stock traded hands, compared to its average volume of 29,174. The company’s 50 day moving average is $5.08 and its 200 day moving average is $6.54. 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 $29.51 million, a PE ratio of -4.55 and a beta of 1.27.

ClearSign Technologies (NASDAQ:CLIR) last released its quarterly earnings results on Tuesday, March 31st. The technology company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.21. ClearSign Technologies had a negative return on equity of 53.54% and a negative net margin of 105.01%.The company had revenue of $3.67 million for the quarter, compared to analyst estimates of $2.43 million. As a group, equities analysts forecast that ClearSign Technologies will post -1.06 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CLIR. Weiss Ratings reiterated a “sell (d-)” rating on shares of ClearSign Technologies in a research report on Friday, March 27th. HC Wainwright increased their target price on ClearSign Technologies from $2.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, ClearSign Technologies currently has a consensus rating of “Hold” and a consensus 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.