Clarus Corporation (NASDAQ:CLAR) Short Interest Update

Clarus Corporation (NASDAQ:CLAR) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 756,098 shares, a decrease of 46.0% from the June 15th total of 1,401,307 shares. Approximately 2.6% of the company’s stock are short sold. Based on an average daily volume of 672,339 shares, the short-interest ratio is currently 1.1 days.

Wall Street Analyst Weigh In

CLAR has been the topic of several recent analyst reports. Roth Capital set a $2.90 price target on Clarus in a research report on Wednesday, May 13th. Wall Street Zen raised shares of Clarus from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Zacks Research lowered shares of Clarus from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Clarus in a report on Wednesday, June 3rd. Finally, Stifel Nicolaus set a $5.00 target price on Clarus in a research report on Thursday, April 16th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Clarus has a consensus rating of “Hold” and a consensus price target of $3.63.

Institutional Investors Weigh In On Clarus

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Abel Hall LLC bought a new position in shares of Clarus in the fourth quarter worth about $39,000. Verition Fund Management LLC acquired a new stake in Clarus in the 3rd quarter valued at approximately $50,000. Quadrature Capital Ltd acquired a new stake in Clarus in the 4th quarter valued at approximately $56,000. Virtu Financial LLC bought a new position in Clarus in the 4th quarter worth approximately $62,000. Finally, Millennium Management LLC acquired a new position in shares of Clarus during the fourth quarter worth approximately $70,000. 90.30% of the stock is owned by institutional investors and hedge funds.

Clarus Trading Down 3.6%

Shares of Clarus stock opened at $3.26 on Wednesday. The firm has a fifty day simple moving average of $3.03 and a 200-day simple moving average of $3.11. The stock has a market capitalization of $125.31 million, a price-to-earnings ratio of -2.81 and a beta of 1.07. Clarus has a 1-year low of $2.53 and a 1-year high of $4.03.

Clarus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, May 18th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $0.10 dividend on an annualized basis and a yield of 3.1%. Clarus’s payout ratio is currently -8.62%.

About Clarus

Clarus Corporation (NASDAQ: CLAR) is a global designer, manufacturer and marketer of outdoor recreation equipment. The company’s portfolio of brands serves enthusiasts across climbing, skiing, trail running, paddling and snow safety, combining purpose-driven innovation with in-house manufacturing capabilities. Clarus focuses on high-performance gear developed to meet the demands of professional athletes and recreational users alike.

The company’s flagship brand, Black Diamond Equipment, offers climbing protection, apparel, ski bindings and accessories engineered for backcountry and alpine environments.