ClearSign Technologies Co. (NASDAQ:CLIR) Short Interest Update

ClearSign Technologies Co. (NASDAQ:CLIR) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 318,400 shares, an increase of 25.3% from the May 31st total of 254,200 shares. Based on an average trading volume of 64,300 shares, the short-interest ratio is presently 5.0 days.

ClearSign Technologies Trading Up 4.5 %

Shares of ClearSign Technologies stock traded up $0.04 on Tuesday, reaching $0.92. 15,513 shares of the stock were exchanged, compared to its average volume of 74,774. ClearSign Technologies has a twelve month low of $0.62 and a twelve month high of $1.72. The business has a 50 day moving average price of $0.79 and a two-hundred day moving average price of $0.96.

ClearSign Technologies (NASDAQ:CLIR) last announced its quarterly earnings data on Wednesday, May 15th. The technology company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The business had revenue of $1.10 million during the quarter, compared to analysts’ expectations of $1.02 million. ClearSign Technologies had a negative net margin of 186.63% and a negative return on equity of 85.65%. Sell-side analysts anticipate that ClearSign Technologies will post -0.12 EPS for the current year.

Insider Buying and Selling at ClearSign Technologies

In other ClearSign Technologies news, major shareholder Robert Thurston Sr Hoffman, Sr. bought 3,350,000 shares of ClearSign Technologies stock in a transaction that occurred on Monday, June 24th. The shares were bought at an average cost of $0.91 per share, with a total value of $3,048,500.00. Following the transaction, the insider now directly owns 9,539,857 shares of the company’s stock, valued at approximately $8,681,269.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.90% of the stock is owned by insiders.

Institutional Investors Weigh In On ClearSign Technologies

A hedge fund recently raised its stake in ClearSign Technologies stock. Disciplined Investments LLC increased its stake in shares of ClearSign Technologies Co. (NASDAQ:CLIR) by 223.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,016 shares of the technology company’s stock after acquiring an additional 33,152 shares during the period. Disciplined Investments LLC owned about 0.12% of ClearSign Technologies worth $46,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 24.03% of the company’s stock.

Wall Street Analysts Forecast Growth

CLIR has been the subject of a number of research analyst reports. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 price target on shares of ClearSign Technologies in a report on Tuesday, May 28th. StockNews.com started coverage on ClearSign Technologies in a research note on Thursday, June 27th. They issued a “sell” rating for the company.

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.