ClearSign Technologies Co. (NASDAQ:CLIR – Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 310,700 shares, a drop of 5.6% from the March 31st total of 329,100 shares. Based on an average daily volume of 59,600 shares, the short-interest ratio is currently 5.2 days.
Institutional Inflows and Outflows
An institutional investor recently raised its position in ClearSign Technologies stock. Disciplined Investments LLC boosted its holdings in shares of ClearSign Technologies Co. (NASDAQ:CLIR – Free Report) by 223.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,016 shares of the technology company’s stock after purchasing an additional 33,152 shares during the quarter. Disciplined Investments LLC owned about 0.12% of ClearSign Technologies worth $46,000 at the end of the most recent quarter. 24.03% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on CLIR. HC Wainwright reissued a “buy” rating and issued 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 research report on Wednesday, April 24th. They issued a “sell” rating on the stock.
ClearSign Technologies Price Performance
Shares of CLIR stock traded up $0.00 during trading hours on Tuesday, reaching $0.81. 74,883 shares of the company traded hands, compared to its average volume of 65,014. ClearSign Technologies has a 12-month low of $0.74 and a 12-month high of $1.75. The company has a market cap of $31.71 million, a P/E ratio of -6.23 and a beta of 1.00. The firm has a 50-day moving average price of $1.00 and a 200 day moving average price of $1.04.
ClearSign Technologies (NASDAQ:CLIR – Get Free Report) last posted its quarterly earnings data on Monday, April 1st. The technology company reported ($0.02) earnings per share for the quarter. ClearSign Technologies had a negative net margin of 216.15% and a negative return on equity of 77.28%. The company had revenue of $1.27 million for the quarter. Sell-side analysts predict that ClearSign Technologies will post -0.11 EPS for the current year.
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.
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