American Outdoor Brands, Inc. (NASDAQ:AOUT) Sees Significant Increase in Short Interest

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 120,800 shares, an increase of 33.0% from the January 31st total of 90,800 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily volume of 83,700 shares, the days-to-cover ratio is currently 1.4 days.

Wall Street Analyst Weigh In

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

American Outdoor Brands Price Performance

Shares of NASDAQ:AOUT traded down $0.74 during trading on Tuesday, hitting $14.93. 23,837 shares of the company’s stock were exchanged, compared to its average volume of 71,142. The business’s 50-day simple moving average is $16.23 and its 200 day simple moving average is $12.11. The company has a market cap of $190.57 million, a price-to-earnings ratio of -25.31 and a beta of 0.27. American Outdoor Brands has a 52-week low of $7.45 and a 52-week high of $17.91.

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, beating analysts’ consensus estimates 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%. On average, sell-side analysts anticipate that American Outdoor Brands will post 0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Brandes Investment Partners LP boosted its stake in American Outdoor Brands by 12.8% during the fourth quarter. Brandes Investment Partners LP now owns 933,450 shares of the company’s stock valued at $14,226,000 after buying an additional 105,951 shares during the last quarter. Royce & Associates LP boosted its position in shares of American Outdoor Brands by 39.8% during the 4th quarter. Royce & Associates LP now owns 567,752 shares of the company’s stock valued at $8,653,000 after acquiring an additional 161,751 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of American Outdoor Brands by 22.3% in the fourth quarter. Renaissance Technologies LLC now owns 331,768 shares of the company’s stock valued at $5,056,000 after purchasing an additional 60,600 shares in the last quarter. Ancora Advisors LLC increased its position in American Outdoor Brands by 5.7% in the fourth quarter. Ancora Advisors LLC now owns 158,398 shares of the company’s stock worth $2,414,000 after purchasing an additional 8,500 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in American Outdoor Brands by 4.6% during the third quarter. Geode Capital Management LLC now owns 138,336 shares of the company’s stock valued at $1,276,000 after purchasing an additional 6,092 shares in the last quarter. Institutional investors own 49.87% of the company’s stock.

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.