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

Clarus Co. (NASDAQ:CLAR) was the recipient of a large 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. Based on an average trading volume of 219,600 shares, the short-interest ratio is presently 7.2 days. Currently, 5.5% of the company’s shares are short sold.

Insider Activity at Clarus

In related news, Director Michael A. Henning sold 44,600 shares of the stock in a transaction dated 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. This trade represents a 28.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.40% of the stock is owned by insiders.

Institutional Trading of Clarus

Several institutional investors have recently added to or reduced their stakes in the company. Builder Investment Group Inc. ADV increased its position 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 acquiring an additional 125,573 shares during the period. XTX Topco Ltd purchased a new position in shares of Clarus during the third quarter worth approximately $104,000. Dimensional Fund Advisors LP increased its position in shares of Clarus by 22.8% during the second quarter. Dimensional Fund Advisors LP now owns 791,275 shares of the company’s stock worth $5,325,000 after acquiring an additional 146,766 shares during the period. Geode Capital Management LLC increased its position in shares of Clarus by 2.1% during the third quarter. Geode Capital Management LLC now owns 708,201 shares of the company’s stock worth $3,187,000 after acquiring an additional 14,489 shares during the period. Finally, Barclays PLC increased its position in shares of Clarus by 263.4% during the third quarter. Barclays PLC now owns 40,478 shares of the company’s stock worth $183,000 after acquiring an additional 29,340 shares during the period. Institutional investors own 90.30% of the company’s stock.

Clarus Stock Performance

NASDAQ CLAR traded up $0.04 during trading on Friday, hitting $4.61. The stock had a trading volume of 97,564 shares, compared to its average volume of 183,162. The stock has a market capitalization of $176.84 million, a price-to-earnings ratio of 35.46 and a beta of 0.84. Clarus has a one year low of $3.89 and a one year high of $7.55. The stock has a 50 day simple moving average of $4.56 and a 200 day simple moving average of $4.71.

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

Clarus Dividend Announcement

The company 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. This represents a $0.10 annualized dividend and a yield of 2.17%. The ex-dividend date was Monday, November 18th. Clarus’s payout ratio is currently 76.93%.

About Clarus

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.