Clarus Co. (NASDAQ:CLAR) Short Interest Update

Clarus Co. (NASDAQ:CLARGet Rating) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 3,770,000 shares, an increase of 7.1% from the February 13th total of 3,520,000 shares. Currently, 15.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 387,800 shares, the short-interest ratio is presently 9.7 days.

Analyst Ratings Changes

CLAR has been the subject of a number of research analyst reports. upgraded shares of Clarus to a “sell” rating in a research report on Monday, March 6th. Lake Street Capital lowered their target price on shares of Clarus from $22.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from, the stock currently has an average rating of “Hold” and a consensus price target of $22.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ensign Peak Advisors Inc bought a new position in shares of Clarus during the 3rd quarter valued at approximately $32,000. Lazard Asset Management LLC boosted its position in shares of Clarus by 784.6% during the 2nd quarter. Lazard Asset Management LLC now owns 4,308 shares of the company’s stock valued at $81,000 after acquiring an additional 3,821 shares during the last quarter. Alpine Global Management LLC bought a new position in shares of Clarus during the 4th quarter valued at approximately $90,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Clarus by 112.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,296 shares of the company’s stock valued at $98,000 after acquiring an additional 3,855 shares during the last quarter. Finally, Advisor Group Holdings Inc. raised its holdings in Clarus by 21.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,920 shares of the company’s stock valued at $112,000 after buying an additional 857 shares during the period. 90.53% of the stock is currently owned by institutional investors.

Clarus Trading Down 2.8 %

Shares of NASDAQ:CLAR opened at $9.33 on Thursday. The stock has a 50 day moving average of $9.60 and a 200 day moving average of $10.46. The company has a market cap of $345.86 million, a PE ratio of -4.88, a price-to-earnings-growth ratio of 1.59 and a beta of 0.95. The company has a current ratio of 3.69, a quick ratio of 1.42 and a debt-to-equity ratio of 0.44. Clarus has a 12-month low of $6.86 and a 12-month high of $29.32.

Clarus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Shareholders of record on Tuesday, March 7th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Monday, March 6th. This represents a $0.10 annualized dividend and a yield of 1.07%. Clarus’s payout ratio is -5.24%.

Clarus Company Profile

(Get Rating)

Clarus Corp engages in development, manufacture, and distribution of outdoor equipment and lifestyle products focused on the climb, ski, mountain, and sport categories. It operates through the following segments: Outdoor, Precision Sport, and Adventure. The Outdoor segment manufactures outdoor engineered equipment and apparel for climbing, mountaineering, trail running, backpacking, skiing, and a wide range of other year-round outdoor recreation activities.

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