Amer Sports, Inc. (NYSE:AS) Short Interest Update

Amer Sports, Inc. (NYSE:AS) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 8,560,000 shares, an increase of 33.1% from the November 15th total of 6,430,000 shares. Approximately 13.0% of the shares of the stock are short sold. Based on an average trading volume of 2,660,000 shares, the short-interest ratio is presently 3.2 days.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AS shares. TD Cowen upped their target price on Amer Sports from $23.00 to $29.00 and gave the company a “buy” rating in a report on Monday, December 9th. Robert W. Baird increased their price objective on shares of Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Evercore ISI raised their target price on shares of Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. upped their price target on shares of Amer Sports from $19.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, Nomura Securities upgraded shares of Amer Sports to a “strong-buy” rating in a research report on Tuesday, September 24th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.07.

Amer Sports Trading Up 2.9 %

AS stock traded up $0.77 during midday trading on Friday, hitting $27.65. The stock had a trading volume of 2,827,409 shares, compared to its average volume of 1,913,013. The company’s 50-day moving average price is $21.18 and its 200 day moving average price is $16.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The firm has a market cap of $15.11 billion and a PE ratio of -197.49. Amer Sports has a 12-month low of $10.11 and a 12-month high of $27.79.

Institutional Investors Weigh In On Amer Sports

Several hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its holdings in Amer Sports by 734.8% in the third quarter. BNP Paribas Financial Markets now owns 80,760 shares of the company’s stock valued at $1,288,000 after purchasing an additional 71,086 shares during the period. Woodson Capital Management LP purchased a new stake in shares of Amer Sports during the 3rd quarter valued at $12,907,000. Shellback Capital LP increased its holdings in shares of Amer Sports by 5.0% during the 2nd quarter. Shellback Capital LP now owns 525,000 shares of the company’s stock worth $6,599,000 after buying an additional 25,000 shares during the last quarter. Creative Planning purchased a new position in shares of Amer Sports in the 3rd quarter worth $656,000. Finally, XTX Topco Ltd acquired a new position in Amer Sports in the third quarter valued at $609,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Amer Sports Company Profile

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.