Short Interest in American Outdoor Brands, Inc. (NASDAQ:AOUT) Expands By 26.4%

American Outdoor Brands, Inc. (NASDAQ:AOUT) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 53,200 shares, a growth of 26.4% from the September 30th total of 42,100 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 24,200 shares, the short-interest ratio is presently 2.2 days.

Analysts Set New Price Targets

Separately, Roth Mkm upped their target price 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.

Hedge Funds Weigh In On American Outdoor Brands

A number of institutional investors have recently modified their holdings of AOUT. Empowered Funds LLC boosted its holdings in shares of American Outdoor Brands by 7.6% in 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 period. Renaissance Technologies LLC grew its position in shares of American Outdoor Brands by 0.6% during the 2nd quarter. Renaissance Technologies LLC now owns 271,068 shares of the company’s stock worth $2,440,000 after buying an additional 1,600 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of American Outdoor Brands by 9.2% during the first quarter. Gamco Investors INC. ET AL now owns 290,063 shares of the company’s stock valued at $2,553,000 after buying an additional 24,400 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of American Outdoor Brands during the second quarter valued at $259,000. Finally, Brandes Investment Partners LP raised 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 acquiring an additional 289,229 shares in the last quarter. 49.87% of the stock is owned by hedge funds and other institutional investors.

American Outdoor Brands Stock Down 2.1 %

AOUT stock opened at $9.34 on Monday. American Outdoor Brands has a twelve month low of $7.19 and a twelve month high of $9.90. The firm has a market cap of $120.44 million, a price-to-earnings ratio of -9.83 and a beta of 0.37. The business’s fifty day simple moving average is $9.01 and its two-hundred day simple moving average is $8.67.

American Outdoor Brands (NASDAQ:AOUT) last posted its quarterly earnings results on Thursday, September 5th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.08. American Outdoor Brands had a negative net margin of 5.27% and a positive return on equity of 0.81%. The firm had revenue of $41.64 million for the quarter, compared to analysts’ expectations of $40.50 million. Research analysts expect that American Outdoor Brands will post 0.28 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.