American Outdoor Brands, Inc. (NASDAQ:AOUT) Short Interest Up 73.4% in December

American Outdoor Brands, Inc. (NASDAQ:AOUT) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 68,300 shares, a growth of 73.4% from the November 30th total of 39,400 shares. Based on an average daily volume of 60,700 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.6% of the company’s shares are short sold.

American Outdoor Brands Stock Down 3.0 %

AOUT traded down $0.46 during trading on Friday, hitting $14.94. 39,932 shares of the stock were exchanged, compared to its average volume of 37,410. The firm has a market capitalization of $190.69 million, a P/E ratio of -25.32 and a beta of 0.44. American Outdoor Brands has a 1-year low of $7.45 and a 1-year high of $15.99. The stock has a fifty day moving average price of $11.13 and a two-hundred day moving average price of $9.66.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AOUT. Lake Street Capital increased their price target on American Outdoor Brands from $11.50 to $14.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Roth Mkm increased their target price on shares of American Outdoor Brands from $10.50 to $11.00 and gave the stock a “buy” rating in a research note on Monday, September 16th.

Hedge Funds Weigh In On American Outdoor Brands

Several institutional investors have recently added to or reduced their stakes in AOUT. Brandes Investment Partners LP raised its stake in shares of American Outdoor Brands by 70.8% during the second quarter. Brandes Investment Partners LP now owns 697,603 shares of the company’s stock worth $6,178,000 after purchasing an additional 289,229 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of American Outdoor Brands in the 2nd quarter worth about $259,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in American Outdoor Brands during the third quarter worth about $114,000. Geode Capital Management LLC grew its position 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 during the last quarter. Finally, Barclays PLC acquired a new stake in shares of American Outdoor Brands in the third quarter valued at approximately $37,000. 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.