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

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 90,800 shares, an increase of 7.5% from the January 15th total of 84,500 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 84,400 shares, the short-interest ratio is currently 1.1 days.

American Outdoor Brands Price Performance

Shares of NASDAQ:AOUT opened at $17.20 on Tuesday. American Outdoor Brands has a 12 month low of $7.45 and a 12 month high of $17.91. The stock has a market cap of $219.47 million, a price-to-earnings ratio of -29.15 and a beta of 0.27. The stock’s 50 day moving average price is $15.97 and its 200 day moving average price is $11.59.

American Outdoor Brands (NASDAQ:AOUT) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts expect that American Outdoor Brands will post 0.36 EPS for the current year.

Analyst Ratings Changes

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 report on Monday, January 27th.

Institutional Trading of American Outdoor Brands

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in American Outdoor Brands by 33.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company’s stock valued at $29,000 after purchasing an additional 777 shares during the period. Barclays PLC acquired a new stake in American Outdoor Brands during the 3rd quarter valued at $37,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in American Outdoor Brands during the 4th quarter valued at $77,000. Cubist Systematic Strategies LLC purchased a new position in shares of American Outdoor Brands during the 4th quarter valued at $158,000. Finally, Bank of America Corp DE grew its holdings in shares of American Outdoor Brands by 1,469.5% during 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 in the last quarter. 49.87% of the stock is owned by institutional investors and hedge funds.

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.