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

American Outdoor Brands, Inc. (NASDAQ:AOUT) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 101,500 shares, a decrease of 16.0% from the February 13th total of 120,800 shares. Based on an average trading volume of 86,900 shares, the short-interest ratio is presently 1.2 days. Approximately 0.9% of the shares of the stock are sold short.

Institutional Trading of American Outdoor Brands

A number of hedge funds have recently modified their holdings of AOUT. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of American Outdoor Brands in the third quarter valued at $114,000. State Street Corp lifted 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 valued at $422,000 after purchasing an additional 1,700 shares in the last quarter. Barclays PLC purchased a new stake in shares of American Outdoor Brands in the third quarter valued at $37,000. Geode Capital Management LLC lifted 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 valued at $1,276,000 after purchasing an additional 6,092 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in shares of American Outdoor Brands by 35.0% in the third quarter. Sanctuary Advisors LLC now owns 38,817 shares of the company’s stock valued at $380,000 after purchasing an additional 10,065 shares in the last quarter. Hedge funds and other institutional investors own 49.87% of the company’s stock.

Wall Street Analyst Weigh In

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

American Outdoor Brands Stock Performance

Shares of NASDAQ:AOUT opened at $13.65 on Tuesday. American Outdoor Brands has a one year low of $7.45 and a one year high of $17.91. The stock has a fifty day moving average of $15.90 and a 200-day moving average of $12.45. The company has a market capitalization of $173.83 million, a PE ratio of -23.14 and a beta of 0.29.

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.