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

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 68,300 shares, an increase of 73.4% from the November 30th total of 39,400 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 60,700 shares, the short-interest ratio is currently 1.1 days.

Wall Street Analyst Weigh In

AOUT has been the topic of several research analyst reports. Lake Street Capital boosted their price target on American Outdoor Brands from $11.50 to $14.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Roth Mkm raised their price target on shares of American Outdoor Brands from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Monday, September 16th.

American Outdoor Brands Trading Down 3.0 %

Shares of NASDAQ AOUT traded down $0.46 during trading on Friday, reaching $14.94. 39,932 shares of the company traded hands, compared to its average volume of 37,410. The stock has a market cap of $190.69 million, a P/E ratio of -25.32 and a beta of 0.44. The firm’s fifty day simple moving average is $11.02 and its 200 day simple moving average is $9.61. American Outdoor Brands has a 12-month low of $7.45 and a 12-month high of $15.99.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AOUT. JPMorgan Chase & Co. increased its holdings in shares of 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 in the last quarter. Sanctuary Advisors LLC grew its position in American Outdoor Brands by 35.0% during the third quarter. Sanctuary Advisors LLC now owns 38,817 shares of the company’s stock valued at $380,000 after buying an additional 10,065 shares during the period. Barclays PLC purchased a new position in American Outdoor Brands in the third quarter valued at $37,000. Geode Capital Management LLC raised its position in shares of American Outdoor Brands by 4.6% in the third quarter. Geode Capital Management LLC now owns 138,336 shares of the company’s stock worth $1,276,000 after acquiring an additional 6,092 shares during the period. Finally, State Street Corp boosted its stake in shares of 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 acquiring an additional 1,700 shares in the last quarter. 49.87% of the stock is currently owned by hedge funds and other institutional investors.

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.