American Outdoor Brands, Inc. (NASDAQ:AOUT) Sees Large Growth in Short Interest

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

American Outdoor Brands Stock Performance

AOUT opened at $14.67 on Wednesday. The firm has a market cap of $187.25 million, a P/E ratio of -24.86 and a beta of 0.27. The business’s fifty day moving average is $16.22 and its 200-day moving average is $12.15. American Outdoor Brands has a 52-week low of $7.45 and a 52-week high of $17.91.

American Outdoor Brands (NASDAQ:AOUT) last released its earnings results on Thursday, December 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. On average, research analysts predict that American Outdoor Brands will post 0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in American Outdoor Brands by 33.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company’s stock worth $29,000 after purchasing an additional 777 shares in the last quarter. Barclays PLC acquired a new position in shares of American Outdoor Brands in the third quarter valued at approximately $37,000. Point72 Asia Singapore Pte. Ltd. bought a new position in American Outdoor Brands in the 4th quarter valued at approximately $77,000. Cubist Systematic Strategies LLC acquired a new stake in American Outdoor Brands during the 4th quarter worth approximately $158,000. Finally, Bank of America Corp DE increased its position in American Outdoor Brands by 1,469.5% in the 4th quarter. Bank of America Corp DE now owns 10,390 shares of the company’s stock valued at $158,000 after acquiring an additional 9,728 shares during the period. 49.87% of the stock is currently owned by institutional investors.

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.