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

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

Analyst Ratings Changes

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

American Outdoor Brands Stock Up 2.0 %

Shares of American Outdoor Brands stock traded up $0.34 on Friday, reaching $17.51. The company’s stock had a trading volume of 60,757 shares, compared to its average volume of 76,147. The company has a market capitalization of $223.36 million, a price-to-earnings ratio of -29.57 and a beta of 0.26. American Outdoor Brands has a 52 week low of $7.45 and a 52 week high of $17.91. The firm’s fifty day simple moving average is $14.41 and its two-hundred day simple moving average is $10.91.

American Outdoor Brands (NASDAQ:AOUT) last released its earnings results on Thursday, December 5th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.18. American Outdoor Brands had a positive return on equity of 1.86% and a negative net margin of 3.70%. As a group, research analysts predict that American Outdoor Brands will post 0.36 EPS for the current year.

Hedge Funds Weigh In On American Outdoor Brands

Several large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position 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 valued at $29,000 after acquiring an additional 777 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of American Outdoor Brands by 4.4% in the fourth quarter. Empowered Funds LLC now owns 23,427 shares of the company’s stock worth $357,000 after purchasing an additional 979 shares during the last quarter. State Street Corp increased its holdings 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 purchasing an additional 1,700 shares during the last quarter. Barclays PLC bought a new stake in shares of American Outdoor Brands in the third quarter worth about $37,000. Finally, Geode Capital Management LLC increased its holdings in shares of American Outdoor Brands by 4.6% in the third quarter. Geode Capital Management LLC now owns 138,336 shares of the company’s stock worth $1,276,000 after purchasing an additional 6,092 shares during the last quarter. 49.87% of the stock is currently owned by hedge funds and other 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.