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

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 81,000 shares, an increase of 9.3% from the June 30th total of 74,100 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 28,300 shares, the short-interest ratio is presently 2.9 days.

American Outdoor Brands Trading Down 1.4 %

Shares of AOUT stock traded down $0.14 on Wednesday, reaching $9.62. The company had a trading volume of 3,954 shares, compared to its average volume of 30,699. The stock has a market cap of $124.10 million, a PE ratio of -9.36 and a beta of 0.37. The company has a 50-day moving average of $8.56 and a 200-day moving average of $8.53. American Outdoor Brands has a 12 month low of $7.19 and a 12 month high of $10.35.

American Outdoor Brands (NASDAQ:AOUT) last announced its quarterly earnings results on Thursday, June 27th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.09). American Outdoor Brands had a negative net margin of 6.09% and a positive return on equity of 0.41%. The firm had revenue of $46.30 million during the quarter, compared to analyst estimates of $43.20 million. During the same period last year, the firm earned ($0.03) EPS. Sell-side analysts anticipate that American Outdoor Brands will post 0.24 earnings per share for the current year.

Hedge Funds Weigh In On American Outdoor Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. bought a new stake in shares of American Outdoor Brands during the 4th quarter worth approximately $74,000. Empowered Funds LLC grew its holdings in shares of American Outdoor Brands by 7.6% during the 1st quarter. Empowered Funds LLC now owns 19,936 shares of the company’s stock valued at $175,000 after purchasing an additional 1,400 shares during the last quarter. Diversified Investment Strategies LLC increased its position in American Outdoor Brands by 103.4% during the 1st quarter. Diversified Investment Strategies LLC now owns 60,000 shares of the company’s stock worth $528,000 after purchasing an additional 30,500 shares in the last quarter. White Pine Capital LLC lifted its stake in American Outdoor Brands by 4.7% in the 4th quarter. White Pine Capital LLC now owns 66,412 shares of the company’s stock valued at $558,000 after purchasing an additional 2,998 shares during the last quarter. Finally, Teton Advisors Inc. lifted its stake in American Outdoor Brands by 6.1% in the 4th quarter. Teton Advisors Inc. now owns 181,000 shares of the company’s stock valued at $1,520,000 after purchasing an additional 10,362 shares during the last quarter. 49.87% of the stock is owned by 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.