Clearsign Combustion Corp (NASDAQ:CLIR) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,370,000 shares, an increase of 20.2% from the September 30th total of 1,140,000 shares. Based on an average trading volume of 103,600 shares, the short-interest ratio is presently 13.2 days. Approximately 6.7% of the shares of the stock are sold short.
Separately, ValuEngine lowered Clearsign Combustion from a “buy” rating to a “hold” rating in a research note on Thursday.
Shares of CLIR traded up $0.03 during trading hours on Friday, reaching $1.00. 12,200 shares of the company traded hands, compared to its average volume of 259,905. The company has a quick ratio of 8.45, a current ratio of 8.45 and a debt-to-equity ratio of 0.01. Clearsign Combustion has a fifty-two week low of $0.75 and a fifty-two week high of $1.80. The stock has a fifty day simple moving average of $1.10 and a 200 day simple moving average of $1.11.
An institutional investor recently raised its position in Clearsign Combustion stock. STA Wealth Management LLC raised its holdings in shares of Clearsign Combustion Corp (NASDAQ:CLIR) by 20.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,995 shares of the technology company’s stock after purchasing an additional 16,495 shares during the quarter. STA Wealth Management LLC owned 0.33% of Clearsign Combustion worth $110,000 at the end of the most recent quarter. 12.45% of the stock is currently owned by institutional investors and hedge funds.
Clearsign Combustion Company Profile
ClearSign Combustion Corporation designs and develops technologies to enhance emission and operational performance, energy efficiency, and overall cost-effectiveness of combustion systems in the United States. Its Duplex, Duplex Plug & Play, and Electrodynamic Combustion Control platform technologies enhance the performance of combustion systems in a range of markets, including energy, commercial/industrial boiler, chemical, petrochemical, and power industries.
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