Short Interest in American Outdoor Brands, Inc. (NASDAQ:AOUT) Expands By 33.0%

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 120,800 shares, an increase of 33.0% from the January 31st total of 90,800 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 83,700 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On American Outdoor Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in American Outdoor Brands by 33.0% in the third quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company’s stock valued at $29,000 after buying an additional 777 shares during the last quarter. Empowered Funds LLC lifted its stake in American Outdoor Brands by 4.4% in the fourth quarter. Empowered Funds LLC now owns 23,427 shares of the company’s stock valued at $357,000 after buying an additional 979 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of American Outdoor Brands by 0.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 116,334 shares of the company’s stock valued at $1,773,000 after purchasing an additional 979 shares during the period. State Street Corp increased its holdings in shares of American Outdoor Brands by 3.9% in the third 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 period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of American Outdoor Brands by 10.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 21,184 shares of the company’s stock valued at $323,000 after purchasing an additional 2,087 shares during the period. Hedge funds and other institutional investors own 49.87% of the company’s stock.

American Outdoor Brands Trading Up 5.9 %

Shares of NASDAQ AOUT opened at $15.53 on Thursday. American Outdoor Brands has a twelve month low of $7.45 and a twelve month high of $17.91. The stock has a 50 day moving average of $16.23 and a two-hundred day moving average of $12.18. The stock has a market cap of $198.22 million, a P/E ratio of -26.32 and a beta of 0.29.

American Outdoor Brands (NASDAQ:AOUT) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.34 earnings per share 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%. As a group, research analysts predict that American Outdoor Brands will post 0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital boosted their target price on American Outdoor Brands from $14.00 to $20.00 and gave the stock 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.