Clear Secure, Inc. (NYSE:YOU) Sees Large Increase in Short Interest

Clear Secure, Inc. (NYSE:YOU - Get Free Report) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 19,720,000 shares, an increase of 22.3% from the January 15th total of 16,130,000 shares. Based on an average daily trading volume, of 2,030,000 shares, the days-to-cover ratio is currently 9.7 days. Currently, 23.7% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of research analysts have weighed in on YOU shares. Wedbush reissued a "neutral" rating and set a $26.00 price target (up previously from $24.00) on shares of Clear Secure in a research note on Thursday, November 7th. Needham & Company LLC reiterated a "buy" rating and issued a $45.00 price target on shares of Clear Secure in a report on Monday, December 16th. Telsey Advisory Group increased their price target on Clear Secure from $34.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Stifel Nicolaus raised their target price on Clear Secure from $24.00 to $32.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.20.

Clear Secure Trading Down 3.2 %

NYSE:YOU traded down $0.74 during midday trading on Wednesday, hitting $22.21. 1,507,708 shares of the stock were exchanged, compared to its average volume of 1,601,368. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 25.83 and a beta of 1.38. Clear Secure has a one year low of $16.05 and a one year high of $38.88. The business has a 50-day moving average price of $25.27 and a two-hundred day moving average price of $28.50.

Institutional Trading of Clear Secure

Several large investors have recently added to or reduced their stakes in YOU. Capital Performance Advisors LLP bought a new stake in Clear Secure in the third quarter worth $26,000. GAMMA Investing LLC raised its position in shares of Clear Secure by 221.6% during the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company's stock valued at $30,000 after buying an additional 771 shares during the last quarter. Huntington National Bank acquired a new position in shares of Clear Secure during the fourth quarter valued at about $35,000. SRS Capital Advisors Inc. raised its position in shares of Clear Secure by 56.1% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company's stock valued at $57,000 after buying an additional 766 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL raised its position in Clear Secure by 113,800.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 2,278 shares of the company's stock worth $61,000 after purchasing an additional 2,276 shares in the last quarter. 73.80% of the stock is owned by institutional investors and hedge funds.

About Clear Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.