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

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 54,500 shares, a decrease of 8.4% from the August 15th total of 59,500 shares. Based on an average daily volume of 26,200 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.4% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Roth Mkm lifted their price target on shares of American Outdoor Brands from $10.50 to $11.00 and gave the stock a “buy” rating in a research note on Monday.

Hedge Funds Weigh In On American Outdoor Brands

Hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. bought a new stake in shares of American Outdoor Brands during the 4th quarter valued at about $74,000. Empowered Funds LLC grew its holdings in shares of American Outdoor Brands by 7.6% during the first quarter. Empowered Funds LLC now owns 19,936 shares of the company’s stock valued at $175,000 after purchasing an additional 1,400 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of American Outdoor Brands during the second quarter valued at approximately $259,000. Diversified Investment Strategies LLC raised its position in shares of American Outdoor Brands by 103.4% during the 1st quarter. Diversified Investment Strategies LLC now owns 60,000 shares of the company’s stock worth $528,000 after purchasing an additional 30,500 shares during the period. Finally, Brandes Investment Partners LP lifted its holdings in shares of American Outdoor Brands by 26.0% in the 4th quarter. Brandes Investment Partners LP now owns 270,622 shares of the company’s stock worth $2,273,000 after purchasing an additional 55,821 shares during the last quarter. Institutional investors and hedge funds own 49.87% of the company’s stock.

American Outdoor Brands Stock Performance

Shares of NASDAQ AOUT opened at $8.49 on Wednesday. The firm has a market cap of $109.48 million, a price-to-earnings ratio of -8.94 and a beta of 0.37. American Outdoor Brands has a 1 year low of $7.19 and a 1 year high of $10.00. The stock’s 50-day simple moving average is $8.95 and its 200-day simple moving average is $8.57.

American Outdoor Brands (NASDAQ:AOUT) last posted its quarterly earnings data on Thursday, June 27th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.09). American Outdoor Brands had a positive return on equity of 0.81% and a negative net margin of 5.27%. The business had revenue of $46.30 million for the quarter, compared to analysts’ expectations of $43.20 million. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. As a group, research analysts predict that American Outdoor Brands will post 0.24 EPS for the current year.

American Outdoor Brands Company Profile

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.