American Outdoor Brands, Inc. (NASDAQ:AOUT) Short Interest Up 69.3% in December

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 115,600 shares, a growth of 69.3% from the December 15th total of 68,300 shares. Based on an average daily trading volume, of 71,200 shares, the short-interest ratio is presently 1.6 days. Approximately 1.1% of the company’s stock are sold short.

American Outdoor Brands Stock Performance

Shares of NASDAQ AOUT traded down $0.48 during trading on Thursday, hitting $15.91. The company had a trading volume of 17,523 shares, compared to its average volume of 83,182. American Outdoor Brands has a 12 month low of $7.45 and a 12 month high of $16.73. The firm has a market capitalization of $203.01 million, a P/E ratio of -26.97 and a beta of 0.26. The stock has a 50 day simple moving average of $12.61 and a 200 day simple moving average of $10.25.

Analyst Ratings Changes

Separately, Lake Street Capital increased their price target on shares of American Outdoor Brands from $11.50 to $14.00 and gave the company a “buy” rating in a report on Friday, December 6th.

Hedge Funds Weigh In On American Outdoor Brands

Several large investors have recently added to or reduced their stakes in AOUT. Brandes Investment Partners LP lifted its stake in shares of American Outdoor Brands by 70.8% during the 2nd quarter. Brandes Investment Partners LP now owns 697,603 shares of the company’s stock valued at $6,178,000 after buying an additional 289,229 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of American Outdoor Brands in the second quarter valued at about $259,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of American Outdoor Brands in the third quarter worth about $114,000. Geode Capital Management LLC grew its position in shares of American Outdoor Brands by 4.6% during 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 in the last quarter. Finally, Barclays PLC bought a new stake in American Outdoor Brands during the 3rd quarter valued at approximately $37,000. Hedge funds and other institutional investors 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.