American Outdoor Brands, Inc. (NASDAQ:AOUT) Short Interest Down 21.3% in September

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totalling 42,900 shares, a drop of 21.3% from the August 31st total of 54,500 shares. Based on an average trading volume of 27,500 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.4% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Separately, Roth Mkm raised their price target on American Outdoor Brands from $10.50 to $11.00 and gave the stock a “buy” rating in a report on Monday, September 16th.

Hedge Funds Weigh In On American Outdoor Brands

Hedge funds have recently made changes to their positions in the business. Empowered Funds LLC boosted its holdings in American Outdoor Brands by 7.6% in the first 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. Renaissance Technologies LLC increased its position in shares of American Outdoor Brands by 0.6% during the 2nd quarter. Renaissance Technologies LLC now owns 271,068 shares of the company’s stock valued at $2,440,000 after purchasing an additional 1,600 shares during the period. Victory Capital Management Inc. acquired a new stake in American Outdoor Brands in the 4th quarter valued at about $74,000. Gamco Investors INC. ET AL boosted its position in shares of American Outdoor Brands by 9.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 290,063 shares of the company’s stock valued at $2,553,000 after purchasing an additional 24,400 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of American Outdoor Brands in the 2nd quarter worth approximately $259,000. Hedge funds and other institutional investors own 49.87% of the company’s stock.

American Outdoor Brands Stock Performance

NASDAQ AOUT traded up $0.07 during trading hours on Friday, hitting $9.05. 9,489 shares of the company’s stock were exchanged, compared to its average volume of 28,902. The firm has a market capitalization of $116.70 million, a P/E ratio of -9.53 and a beta of 0.37. The business’s 50 day moving average is $8.93 and its 200-day moving average is $8.60. American Outdoor Brands has a 12-month low of $7.19 and a 12-month high of $10.00.

American Outdoor Brands (NASDAQ:AOUT) last posted its quarterly earnings results on Thursday, June 27th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.09). American Outdoor Brands had a negative net margin of 5.27% and a positive return on equity of 0.81%. The business had revenue of $46.30 million during the quarter, compared to analysts’ expectations of $43.20 million. During the same quarter in the previous year, the business posted ($0.03) EPS. As a group, equities research analysts anticipate that American Outdoor Brands will post 0.28 EPS for the current fiscal year.

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.