ClearSign Technologies Corporation (NASDAQ:CLIR) Short Interest Up 107.0% in September

ClearSign Technologies Corporation (NASDAQ:CLIR) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 419,800 shares, an increase of 107.0% from the September 15th total of 202,800 shares. Based on an average trading volume of 753,000 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 753,000 shares, the days-to-cover ratio is currently 0.6 days.

ClearSign Technologies Trading Down 2.2%

CLIR opened at $0.85 on Monday. The company has a market cap of $44.62 million, a P/E ratio of -7.74 and a beta of 1.18. The business’s 50-day moving average price is $0.69 and its 200-day moving average price is $0.62. ClearSign Technologies has a 12 month low of $0.46 and a 12 month high of $1.72.

ClearSign Technologies (NASDAQ:CLIR) last released its quarterly earnings data on Thursday, August 14th. The technology company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. The firm had revenue of $0.13 million for the quarter, compared to the consensus estimate of $0.64 million. ClearSign Technologies had a negative return on equity of 47.61% and a negative net margin of 203.65%. Equities research analysts forecast that ClearSign Technologies will post -0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Integrity Alliance LLC. bought a new stake in shares of ClearSign Technologies in the first quarter worth about $30,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of ClearSign Technologies by 895.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 71,730 shares of the technology company’s stock worth $40,000 after purchasing an additional 64,523 shares during the last quarter. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of ClearSign Technologies in the second quarter worth about $145,000. Hedge funds and other institutional investors own 24.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ClearSign Technologies in a research note on Tuesday, October 14th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, ClearSign Technologies currently has an average rating of “Hold” and a consensus price target of $2.00.

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.