Short Interest in American Outdoor Brands, Inc. (NASDAQ:AOUT) Expands By 73.4%

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AOUT shares. Lake Street Capital upped their price objective on American Outdoor Brands from $11.50 to $14.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Roth Mkm upped their target price on American Outdoor Brands from $10.50 to $11.00 and gave the stock a “buy” rating in a research note on Monday, September 16th.

Institutional Trading of American Outdoor Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AOUT. JPMorgan Chase & Co. boosted 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 valued at $29,000 after acquiring an additional 777 shares in the last quarter. Barclays PLC purchased a new position in shares of American Outdoor Brands in the 3rd quarter valued at approximately $37,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of American Outdoor Brands during the third quarter valued at approximately $114,000. Sanctuary Advisors LLC purchased a new stake in American Outdoor Brands in the second quarter worth $259,000. Finally, State Street Corp raised its holdings in American Outdoor Brands by 3.9% in the third quarter. State Street Corp now owns 45,786 shares of the company’s stock worth $422,000 after purchasing an additional 1,700 shares in the last quarter. Hedge funds and other institutional investors own 49.87% of the company’s stock.

American Outdoor Brands Trading Down 3.0 %

Shares of NASDAQ:AOUT opened at $14.94 on Friday. The stock’s 50-day moving average price is $11.13 and its 200-day moving average price is $9.65. American Outdoor Brands has a 12-month low of $7.45 and a 12-month high of $15.99. The stock has a market capitalization of $190.69 million, a P/E ratio of -25.32 and a beta of 0.44.

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.