ClearSign Technologies Co. (NASDAQ:CLIR) Sees Significant Growth in Short Interest

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com started coverage on shares of ClearSign Technologies in a report on Thursday, June 27th. They set a “sell” rating for the company. HC Wainwright restated a “buy” rating and set a $6.00 price target on shares of ClearSign Technologies in a research report on Tuesday, May 28th.

ClearSign Technologies Stock Up 5.5 %

Shares of CLIR opened at $0.88 on Tuesday. ClearSign Technologies has a 1 year low of $0.62 and a 1 year high of $1.72. The stock has a 50 day simple moving average of $0.79 and a two-hundred day simple moving average of $0.96.

ClearSign Technologies (NASDAQ:CLIR) last released its earnings results on Wednesday, May 15th. The technology company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $1.10 million for the quarter, compared to analyst estimates of $1.02 million. ClearSign Technologies had a negative net margin of 186.63% and a negative return on equity of 85.65%. On average, equities research analysts forecast that ClearSign Technologies will post -0.12 EPS for the current fiscal year.

Insider Activity at ClearSign Technologies

In other ClearSign Technologies news, major shareholder Robert Thurston Sr Hoffman, Sr. bought 3,350,000 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were acquired at an average cost of $0.91 per share, for a total transaction of $3,048,500.00. Following the purchase, the insider now directly owns 9,539,857 shares of the company’s stock, valued at $8,681,269.87. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 16.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On ClearSign Technologies

An institutional investor recently raised its position in ClearSign Technologies stock. Disciplined Investments LLC lifted its position in ClearSign Technologies Co. (NASDAQ:CLIR) by 223.0% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 48,016 shares of the technology company’s stock after purchasing 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 SEC filing. Institutional investors and hedge funds own 24.03% of the company’s stock.

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.