Short Interest in American Outdoor Brands, Inc. (NASDAQ:AOUT) Declines By 17.7%

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the target of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 39,400 shares, a decrease of 17.7% from the November 15th total of 47,900 shares. Based on an average daily trading volume, of 53,300 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its stake in shares of American Outdoor Brands by 0.6% in the second 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 during the period. Brandes Investment Partners LP boosted its holdings in 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 during the last quarter. Sanctuary Advisors LLC bought a new stake in American Outdoor Brands in the second quarter valued at approximately $259,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in American Outdoor Brands during the 3rd quarter valued at approximately $114,000. Finally, State Street Corp raised its holdings in American Outdoor Brands by 3.9% during the 3rd quarter. State Street Corp now owns 45,786 shares of the company’s stock worth $422,000 after purchasing an additional 1,700 shares during the last quarter. 49.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on AOUT shares. Lake Street Capital lifted their target price on American Outdoor Brands from $11.50 to $14.00 and gave the company a “buy” rating in a research report on Friday, December 6th. Roth Mkm raised their target price on shares of American Outdoor Brands from $10.50 to $11.00 and gave the company a “buy” rating in a research report on Monday, September 16th.

American Outdoor Brands Stock Performance

Shares of NASDAQ:AOUT opened at $15.07 on Monday. American Outdoor Brands has a 52 week low of $7.38 and a 52 week high of $15.38. The firm has a market cap of $192.35 million, a PE ratio of -25.54 and a beta of 0.44. The firm’s fifty day moving average is $9.97 and its 200-day moving average is $9.19.

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.