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

American Outdoor Brands, Inc. (NASDAQ:AOUT) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 90,800 shares, a growth of 7.5% from the January 15th total of 84,500 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 84,400 shares, the short-interest ratio is presently 1.1 days.

Analysts Set New Price Targets

Separately, Lake Street Capital lifted their price target on shares of American Outdoor Brands from $14.00 to $20.00 and gave the company a “buy” rating in a report on Monday, January 27th.

American Outdoor Brands Trading Up 1.2 %

AOUT stock traded up $0.20 during trading on Friday, hitting $17.20. 56,040 shares of the stock traded hands, compared to its average volume of 65,887. American Outdoor Brands has a one year low of $7.45 and a one year high of $17.91. The company has a 50 day simple moving average of $15.91 and a 200 day simple moving average of $11.52.

American Outdoor Brands (NASDAQ:AOUT) last announced 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 negative net margin of 3.70% and a positive return on equity of 1.86%. Research analysts forecast that American Outdoor Brands will post 0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Outdoor Brands

A number of institutional investors have recently modified their holdings of AOUT. Sanctuary Advisors LLC bought a new position in shares of American Outdoor Brands in the second quarter worth about $259,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of American Outdoor Brands in the third quarter worth about $114,000. State Street Corp raised its stake 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 worth $422,000 after acquiring an additional 1,700 shares during the last quarter. Barclays PLC acquired a new stake in shares of American Outdoor Brands during the 3rd quarter worth approximately $37,000. Finally, Geode Capital Management LLC grew its position in shares of American Outdoor Brands by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 138,336 shares of the company’s stock worth $1,276,000 after buying an additional 6,092 shares during the period. 49.87% of the stock is owned by institutional investors.

American Outdoor Brands Company Profile

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.