Clarus Corp (NASDAQ:CLAR) Short Interest Up 67.9% in June

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Clarus Corp (NASDAQ:CLAR) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 580,900 shares, an increase of 67.9% from the May 30th total of 346,000 shares. Approximately 2.7% of the company’s shares are sold short. Based on an average trading volume of 161,800 shares, the short-interest ratio is presently 3.6 days.

Several equities analysts have recently commented on CLAR shares. BidaskClub downgraded shares of Xilinx from a “buy” rating to a “hold” rating in a research note on Saturday, June 15th. Zacks Investment Research downgraded shares of First Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $14.00.

Shares of NASDAQ:CLAR traded down $0.22 during midday trading on Thursday, hitting $13.78. 164,570 shares of the stock traded hands, compared to its average volume of 152,307. The stock has a market cap of $428.94 million, a PE ratio of 24.18, a PEG ratio of 2.09 and a beta of 1.34. The stock’s 50 day simple moving average is $13.64. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.25 and a quick ratio of 2.22. Clarus has a one year low of $7.85 and a one year high of $15.10.

Clarus (NASDAQ:CLAR) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.15 by $0.05. The firm had revenue of $61.22 million during the quarter, compared to the consensus estimate of $58.13 million. Clarus had a net margin of 4.85% and a return on equity of 11.92%. Sell-side analysts expect that Clarus will post 0.69 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in shares of Clarus during the fourth quarter valued at about $58,000. Metropolitan Life Insurance Co. NY purchased a new position in shares of Clarus during the fourth quarter valued at about $77,000. MetLife Investment Advisors LLC purchased a new position in shares of Clarus during the fourth quarter valued at about $105,000. Strs Ohio purchased a new position in shares of Clarus during the first quarter valued at about $108,000. Finally, Squarepoint Ops LLC increased its position in shares of Clarus by 10.3% during the fourth quarter. Squarepoint Ops LLC now owns 12,332 shares of the company’s stock valued at $125,000 after buying an additional 1,151 shares during the period. 60.30% of the stock is owned by hedge funds and other institutional investors.

Clarus Company Profile

Clarus Corporation focuses on the outdoor and consumer industries in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, and South America. The company develops, manufactures, and distributes outdoor equipment and lifestyle products with focus on the climb, ski, mountain, sport, and skincare categories.

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