(NASDAQ:CLIR) shares saw heavy trading volume with 180K shares changing hands on Wednesday. Overall, volume was up 153.75% over the stocks normal daily volume.
Investors are more bullish on shares of the company lately if you consider the change in short interest. The company realized a fall in short interest between September 29, 2017 and October 13, 2017 of -0.57%. Short shares fell 4,652 over that period. With short interest at 804,978 and short average daily volume at 36,154, the short-interest ratio is 22.0 and the percentage of shorted shares was 0.05% on October 13.
A few notable investment firms have updated their holdings. As of the end of the quarter Icm Asset Management Inc/wa had bought 115,925 shares growing its holdings by 62.7%. The value in dollars went from $703,000 to $1,068,000 increasing 51.9% quarter over quarter. As of quarter end Baird Financial Group, Inc. had acquired a total of 33,155 shares growing its stake by 9.7%. The value of the company’s investment in Clearsign Combustion increased from $1,298,000 to $1,330,000 a change of $32,000 since the last quarter.
Barclays Plc trimmed its holdings by shedding 450 shares a decrease of 71.3%. Barclays Plc currently owns 181 shares valued at $1,000. The total value of its holdings decreased 50.0%. Morgan Stanley reduced its stake by selling 201 shares a decrease of 32.1% as of 09/30/2017. Morgan Stanley claims 425 shares with a value of $2,000. The value of the position overall is down by 0.0%.
In the market the company is trading up since yesterday’s close of 2.65. Clearsign Combustion currently has a P/E ratio of N/A and market cap is 42.92M. As of the last earnings report the EPS was $-0.64 with 15.61M shares now outstanding.
ClearSign Combustion Corporation, launched on January 23, 2008, is involved in designing and developing technologies for the purpose of managing performance characteristics of combustion systems, including emission and operational performance, and energy efficiency. The Business’s duplex and electrodynamic combustion control (ECC) platform technologies manage the performance of combustion systems in a range of markets, including the energy (upstream oil production and down-stream refining), commercial/industrial boiler, chemical, petrochemical, and power industries. The Business’s Duplex technology uses a porous ceramic tile above a standard burner to reduce flame length and achieve low emissions without the need for external flue gas recirculation, catalytic reduction, or air systems. The Business’s ECC technology offers a computer-controlled voltage electric field into a combustion volume in order to control gas-phase chemical reactions and manage system performance..