Short Interest in Clarus Co. (NASDAQ:CLAR) Expands By 11.2%

Clarus Co. (NASDAQ:CLAR) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,590,000 shares, an increase of 11.2% from the December 15th total of 1,430,000 shares. Approximately 5.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 219,600 shares, the days-to-cover ratio is presently 7.2 days.

Clarus Trading Up 0.9 %

CLAR stock traded up $0.04 during mid-day trading on Friday, reaching $4.61. 97,564 shares of the stock traded hands, compared to its average volume of 183,162. The stock’s fifty day moving average is $4.56 and its 200-day moving average is $4.72. The company has a market cap of $176.84 million, a P/E ratio of 35.46 and a beta of 0.84. Clarus has a 52-week low of $3.89 and a 52-week high of $7.55.

Clarus (NASDAQ:CLAR) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $67.12 million during the quarter, compared to analyst estimates of $72.98 million. Clarus had a negative return on equity of 2.17% and a net margin of 1.80%. Equities research analysts expect that Clarus will post -0.06 earnings per share for the current year.

Clarus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a $0.025 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.10 annualized dividend and a yield of 2.17%. Clarus’s dividend payout ratio is presently 76.93%.

Insiders Place Their Bets

In related news, Director Michael A. Henning sold 44,600 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $4.46, for a total value of $198,916.00. Following the completion of the transaction, the director now owns 110,400 shares in the company, valued at $492,384. This trade represents a 28.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 20.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Clarus

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in Clarus by 393.0% during the third quarter. JPMorgan Chase & Co. now owns 66,675 shares of the company’s stock valued at $300,000 after purchasing an additional 53,150 shares during the last quarter. Barclays PLC lifted its holdings in shares of Clarus by 263.4% during the 3rd quarter. Barclays PLC now owns 40,478 shares of the company’s stock valued at $183,000 after buying an additional 29,340 shares during the last quarter. Old West Investment Management LLC grew its stake in shares of Clarus by 8.0% in the 3rd quarter. Old West Investment Management LLC now owns 124,884 shares of the company’s stock valued at $562,000 after buying an additional 9,232 shares in the last quarter. Geode Capital Management LLC increased its holdings in Clarus by 2.1% in the third quarter. Geode Capital Management LLC now owns 708,201 shares of the company’s stock worth $3,187,000 after buying an additional 14,489 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Clarus during the third quarter valued at approximately $107,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Clarus Company Profile

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.