American Outdoor Brands, Inc. (NASDAQ:AOUT) Short Interest Down 26.9% in January

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 84,500 shares, a decrease of 26.9% from the December 31st total of 115,600 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 76,800 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On American Outdoor Brands

A number of institutional investors and hedge funds have recently modified their holdings of AOUT. JPMorgan Chase & Co. increased its stake in American Outdoor Brands by 33.0% in the third quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company’s stock worth $29,000 after purchasing an additional 777 shares during the period. Barclays PLC bought a new position in shares of American Outdoor Brands in the third quarter worth about $37,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of American Outdoor Brands in the third quarter worth about $114,000. Empowered Funds LLC increased its stake in American Outdoor Brands by 4.4% in the 4th quarter. Empowered Funds LLC now owns 23,427 shares of the company’s stock worth $357,000 after buying an additional 979 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in American Outdoor Brands during the 2nd quarter valued at about $259,000. 49.87% of the stock is owned by institutional investors.

American Outdoor Brands Price Performance

Shares of AOUT traded up $0.01 during midday trading on Friday, hitting $17.18. The stock had a trading volume of 103,687 shares, compared to its average volume of 71,414. American Outdoor Brands has a 1 year low of $7.45 and a 1 year high of $17.91. The stock’s 50 day moving average is $14.56 and its 200 day moving average is $10.96. The firm has a market cap of $219.22 million, a PE ratio of -29.12 and a beta of 0.26.

American Outdoor Brands (NASDAQ:AOUT) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts expect that American Outdoor Brands will post 0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.