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

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 86,600 shares, a drop of 14.7% from the February 28th total of 101,500 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 69,200 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of American Outdoor Brands

Several hedge funds have recently modified their holdings of AOUT. JPMorgan Chase & Co. grew its position in American Outdoor Brands by 33.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company’s stock worth $29,000 after acquiring an additional 777 shares during the last quarter. Barclays PLC bought a new stake in shares of American Outdoor Brands during the third quarter worth $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of American Outdoor Brands in the fourth quarter valued at $77,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of American Outdoor Brands in the third quarter valued at about $114,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of American Outdoor Brands during the fourth quarter worth approximately $158,000. Institutional investors and hedge funds own 49.87% of the company’s stock.

American Outdoor Brands Stock Up 1.0 %

Shares of American Outdoor Brands stock opened at $12.21 on Thursday. The stock has a market capitalization of $155.49 million, a P/E ratio of -20.69 and a beta of 0.29. American Outdoor Brands has a 12-month low of $7.45 and a 12-month high of $17.91. The company has a 50-day simple moving average of $15.14 and a 200 day simple moving average of $12.75.

Wall Street Analyst Weigh In

Separately, Lake Street Capital increased their price objective on shares of American Outdoor Brands from $14.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, January 27th.

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.