Black Diamond, Inc. (NASDAQ:CLAR) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 586,803 shares, a drop of 30.9% from the August 31st total of 848,703 shares. Based on an average daily trading volume, of 66,965 shares, the days-to-cover ratio is currently 8.8 days. Approximately 2.8% of the company’s stock are short sold.

Separately, Roth Capital set a $7.00 price target on shares of Black Diamond and gave the company a “hold” rating in a research report on Wednesday, August 23rd.

In other Black Diamond news, Director Nicolas Sokolow bought 19,625 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was bought at an average cost of $6.39 per share, with a total value of $125,403.75. Following the completion of the transaction, the director now directly owns 65,000 shares in the company, valued at approximately $415,350. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought 60,425 shares of company stock valued at $404,656 over the last quarter. Corporate insiders own 33.60% of the company’s stock.

Shares of Black Diamond (CLAR) opened at 7.75 on Tuesday. The firm’s 50-day moving average price is $6.83 and its 200-day moving average price is $6.13. Black Diamond has a one year low of $4.75 and a one year high of $7.95. The company’s market capitalization is $232.60 million.

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Black Diamond Company Profile

Clarus Corporation, formerly Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities.

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