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

American Outdoor Brands, Inc. (NASDAQ:AOUT) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 86,600 shares, a decrease of 14.7% from the February 28th total of 101,500 shares. Based on an average daily trading volume, of 69,200 shares, the short-interest ratio is currently 1.3 days. Currently, 0.8% of the company’s shares are sold short.

Wall Street Analyst Weigh In

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

American Outdoor Brands Price Performance

Shares of AOUT opened at $12.16 on Tuesday. The stock has a 50-day moving average of $15.32 and a 200-day moving average of $12.73. American Outdoor Brands has a one year low of $7.45 and a one year high of $17.91. The company has a market cap of $154.86 million, a PE ratio of -20.61 and a beta of 0.29.

Institutional Investors Weigh In On American Outdoor Brands

Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of 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 last quarter. Barclays PLC bought a new position in shares of American Outdoor Brands in the third quarter valued at approximately $37,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of American Outdoor Brands in the fourth quarter worth $77,000. Cubist Systematic Strategies LLC purchased a new stake in shares of American Outdoor Brands in the fourth quarter worth $158,000. Finally, Bank of America Corp DE boosted its stake in American Outdoor Brands by 1,469.5% during the fourth quarter. Bank of America Corp DE now owns 10,390 shares of the company’s stock valued at $158,000 after buying an additional 9,728 shares during the period. Institutional investors and hedge funds own 49.87% of the company’s stock.

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.