Short Interest in ClearSign Technologies Co. (NASDAQ:CLIR) Declines By 5.6%

ClearSign Technologies Co. (NASDAQ:CLIR) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 310,700 shares, a decrease of 5.6% from the March 31st total of 329,100 shares. Based on an average daily trading volume, of 59,600 shares, the short-interest ratio is presently 5.2 days.

Wall Street Analysts Forecast Growth

CLIR has been the topic of several recent analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $6.00 target price on shares of ClearSign Technologies in a research report on Wednesday, April 24th. StockNews.com began coverage on ClearSign Technologies in a report on Wednesday, April 24th. They issued a “sell” rating on the stock.

ClearSign Technologies Trading Up 0.3 %

Shares of CLIR stock traded up $0.00 during mid-day trading on Tuesday, reaching $0.81. The stock had a trading volume of 74,883 shares, compared to its average volume of 65,014. The business’s fifty day moving average is $1.00 and its 200-day moving average is $1.04. The firm has a market cap of $31.71 million, a price-to-earnings ratio of -6.23 and a beta of 1.00. ClearSign Technologies has a 1-year low of $0.74 and a 1-year high of $1.75.

ClearSign Technologies (NASDAQ:CLIR) last announced its quarterly earnings data on Monday, April 1st. The technology company reported ($0.02) earnings per share for the quarter. The firm had revenue of $1.27 million during the quarter. ClearSign Technologies had a negative net margin of 216.15% and a negative return on equity of 77.28%. On average, analysts forecast that ClearSign Technologies will post -0.11 earnings per share for the current year.

Institutional Trading of ClearSign Technologies

An institutional investor recently raised its position in ClearSign Technologies stock. Disciplined Investments LLC lifted its stake in ClearSign Technologies Co. (NASDAQ:CLIR) by 223.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,016 shares of the technology company’s stock after buying an additional 33,152 shares during the quarter. Disciplined Investments LLC owned approximately 0.12% of ClearSign Technologies worth $46,000 as of its most recent SEC filing. 24.03% of the stock is currently owned by institutional investors.

ClearSign Technologies Company Profile

ClearSign Technologies Corporation designs and develops technologies to enhance operational performance, energy efficiency, emission reduction, safety, and overall cost-effectiveness of industrial and commercial systems in the United States and the People's Republic of China. Its ClearSign Core Burner Technology consists of an industrial burner body and a downstream porous ceramic structure or metal flame stabilizing device; ClearSign Core Plug & Play Burner technology provides direct burner replacement for traditional refinery process heaters; and ClearSign Eye Flame Sensor, an electrical flame sensor for industrial applications.