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

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 68,300 shares, a growth of 73.4% from the November 30th total of 39,400 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 60,700 shares, the days-to-cover ratio is currently 1.1 days.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Lake Street Capital boosted their target price on shares of American Outdoor Brands from $11.50 to $14.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Roth Mkm boosted their price target on American Outdoor Brands from $10.50 to $11.00 and gave the company a “buy” rating in a research note on Monday, September 16th.

American Outdoor Brands Stock Performance

Shares of American Outdoor Brands stock traded down $0.46 on Friday, hitting $14.94. The company’s stock had a trading volume of 39,932 shares, compared to its average volume of 37,410. The company has a market capitalization of $190.69 million, a price-to-earnings ratio of -25.32 and a beta of 0.44. The firm has a fifty day moving average price of $11.13 and a 200-day moving average price of $9.66. American Outdoor Brands has a 1 year low of $7.45 and a 1 year high of $15.99.

Institutional Investors Weigh In On American Outdoor Brands

A number of institutional investors have recently added to or reduced their stakes in AOUT. Renaissance Technologies LLC grew its holdings in American Outdoor Brands by 0.6% in the 2nd quarter. Renaissance Technologies LLC now owns 271,068 shares of the company’s stock valued at $2,440,000 after buying an additional 1,600 shares in the last quarter. Brandes Investment Partners LP grew its holdings in shares of American Outdoor Brands by 70.8% in the second quarter. Brandes Investment Partners LP now owns 697,603 shares of the company’s stock valued at $6,178,000 after purchasing an additional 289,229 shares during the period. Sanctuary Advisors LLC acquired a new stake in American Outdoor Brands during the second quarter worth about $259,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in American Outdoor Brands during the third quarter worth about $114,000. Finally, State Street Corp boosted its holdings in American Outdoor Brands by 3.9% in the 3rd quarter. State Street Corp now owns 45,786 shares of the company’s stock valued at $422,000 after purchasing an additional 1,700 shares during the last quarter. Institutional investors and hedge funds own 49.87% of the company’s stock.

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.