Company shares are trading at $3.45 a bit higher than $3.18, the 50 day moving average and which is slightly below the 200 day moving average of $3.55. The 50 day moving average was up $0.27 and the 200 day average was down $-0.10. (NASDAQ:CLIR) shares saw light trading volume with 2,670 shares changing hands by the end of trading on Friday. Volume was down 95.42% under the stocks average daily volume.
Traders are a little more bearish on the company lately as implied by the increase in short interest. The firm experienced a rise in short interest from August 15, 2017 to August 31, 2017 of 3.85%. Short shares grew 41,320 over that period. With short interest at 1,115,563 and short average daily volume at 41,430, days to cover is 27.0 and the short interest percentage is 0.07% as of August 31.
Here is a rundown on some insider market activity for ClearSign Combustion Corporatio (NASDAQ:CLIR). CTO Donald W. Kendrick purchased 5,000 shares at an average price of $2.89 on August 22nd. Kendrick now owns $59,534 of stock as reported to the SEC.
A few notable investment firms have updated their holdings. As of quarter end Citadel Advisors LLC had disposed of 1,300 shares trimming its stake by 11.5%. The value of the investment in ClearSign Combustion Corporatio decreased from $44,000 to $38,000 a change of $6,000 since the last quarter. As of the end of the quarter Parallax Volatility Advisers, L.p. had sold a total of 100,995 shares trimming its position 52.9%. The value in dollars went from $745,000 to $342,000 decreasing 54.1% quarter over quarter.
Ubs Group Ag grew its holdings by buying 2,829 shares an increase of 2,050.0%. Ubs Group Ag controls 2,967 shares with a value of $11,000. The value of the position overall is up by 1,000.0%. Baird Financial Group, Inc. expanded its stake by buying 25,389 shares an increase of 8.0% as of 06/30/2017. Baird Financial Group, Inc. currently owns 341,547 shares valued at $1,298,000. The total value of its holdings increased 5.3%.
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..