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

Clarus Co. (NASDAQ:CLAR) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,590,000 shares, a growth of 11.2% from the December 15th total of 1,430,000 shares. Based on an average daily volume of 219,600 shares, the short-interest ratio is currently 7.2 days. Currently, 5.5% of the shares of the company are sold short.

Insider Activity at Clarus

In other Clarus news, Director Michael A. Henning sold 44,600 shares of Clarus stock in a transaction on Wednesday, November 13th. The shares were 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 of the company’s stock, valued at approximately $492,384. The trade was a 28.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 20.40% of the stock is currently owned by insiders.

Institutional Trading of Clarus

Institutional investors and hedge funds have recently modified their holdings of the stock. Builder Investment Group Inc. ADV increased its stake in shares of Clarus by 97.6% during the third quarter. Builder Investment Group Inc. ADV now owns 254,280 shares of the company’s stock worth $1,144,000 after purchasing an additional 125,573 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Clarus during the 3rd quarter worth approximately $104,000. Dimensional Fund Advisors LP boosted its holdings in shares of Clarus by 22.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 791,275 shares of the company’s stock worth $5,325,000 after purchasing an additional 146,766 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Clarus by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 708,201 shares of the company’s stock worth $3,187,000 after purchasing an additional 14,489 shares during the last quarter. Finally, Barclays PLC boosted 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 worth $183,000 after purchasing an additional 29,340 shares during the last quarter. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Clarus Trading Up 0.9 %

CLAR traded up $0.04 on Friday, reaching $4.61. The stock had a trading volume of 97,564 shares, compared to its average volume of 183,162. Clarus has a 12-month low of $3.89 and a 12-month high of $7.55. The business’s 50-day moving average price is $4.56 and its two-hundred day moving average price is $4.71. The company has a market cap of $176.84 million, a P/E ratio of 35.46 and a beta of 0.84.

Clarus (NASDAQ:CLAR) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share 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 analysts’ expectations of $72.98 million. Clarus had a net margin of 1.80% and a negative return on equity of 2.17%. As a group, analysts predict that Clarus will post -0.06 earnings per share for the current year.

Clarus Dividend Announcement

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

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.