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

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the recipient of a large decrease in short interest in 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. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 69,200 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Investors Weigh In On American Outdoor Brands

Institutional investors and hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in American Outdoor Brands in the third quarter worth about $114,000. State Street Corp grew its holdings in shares of American Outdoor Brands by 3.9% during the 3rd quarter. State Street Corp now owns 45,786 shares of the company’s stock worth $422,000 after acquiring an additional 1,700 shares during the period. Barclays PLC bought a new position in shares of American Outdoor Brands in the 3rd quarter worth approximately $37,000. Geode Capital Management LLC lifted its stake in shares of American Outdoor Brands by 4.6% in the 3rd 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 during the period. Finally, Sanctuary Advisors LLC boosted its position in shares of American Outdoor Brands by 35.0% during 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. 49.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital lifted their target price 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 Stock Performance

Shares of AOUT stock opened at $12.16 on Tuesday. The business’s 50 day moving average price is $15.32 and its 200-day moving average price is $12.73. The firm has a market cap of $154.86 million, a P/E ratio of -20.61 and a beta of 0.29. American Outdoor Brands has a fifty-two week low of $7.45 and a fifty-two week high of $17.91.

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.