American Outdoor Brands, Inc. (NASDAQ:AOUT) Short Interest Update

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 120,800 shares, an increase of 33.0% from the January 31st total of 90,800 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average daily volume of 83,700 shares, the short-interest ratio is presently 1.4 days.

American Outdoor Brands Stock Down 4.7 %

AOUT stock traded down $0.74 during trading on Tuesday, hitting $14.93. The company had a trading volume of 23,837 shares, compared to its average volume of 71,142. American Outdoor Brands has a 52-week low of $7.45 and a 52-week high of $17.91. The company has a 50 day simple moving average of $16.23 and a 200-day simple moving average of $12.11. The firm has a market capitalization of $190.57 million, a P/E ratio of -25.31 and a beta of 0.27.

American Outdoor Brands (NASDAQ:AOUT) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.16 by $0.18. American Outdoor Brands had a positive return on equity of 1.86% and a negative net margin of 3.70%. Sell-side analysts forecast that American Outdoor Brands will post 0.36 earnings per share for the current year.

Institutional Trading of American Outdoor Brands

A number of hedge funds have recently added to or reduced their stakes in the business. Brandes Investment Partners LP increased its position in American Outdoor Brands by 12.8% during the 4th quarter. Brandes Investment Partners LP now owns 933,450 shares of the company’s stock valued at $14,226,000 after purchasing an additional 105,951 shares during the period. Royce & Associates LP boosted its stake in shares of American Outdoor Brands by 39.8% during the fourth quarter. Royce & Associates LP now owns 567,752 shares of the company’s stock valued at $8,653,000 after purchasing an additional 161,751 shares in the last quarter. Renaissance Technologies LLC increased its holdings in American Outdoor Brands by 22.3% during the fourth quarter. Renaissance Technologies LLC now owns 331,768 shares of the company’s stock valued at $5,056,000 after buying an additional 60,600 shares during the period. Ancora Advisors LLC raised its stake in American Outdoor Brands by 5.7% in the fourth quarter. Ancora Advisors LLC now owns 158,398 shares of the company’s stock worth $2,414,000 after buying an additional 8,500 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in American Outdoor Brands by 4.6% during the third quarter. Geode Capital Management LLC now owns 138,336 shares of the company’s stock worth $1,276,000 after buying an additional 6,092 shares during the period. 49.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Lake Street Capital raised their price target on American Outdoor Brands from $14.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, January 27th.

About American Outdoor Brands

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The company also provides shooting sports accessories products include rests, vaults, and other related accessories; outdoor lifestyle products, such as premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products.