Short Interest in American Outdoor Brands, Inc. (NASDAQ:AOUT) Decreases By 16.0%

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

Institutional Trading of American Outdoor Brands

Several hedge funds have recently made changes to their positions in AOUT. JPMorgan Chase & Co. grew its holdings in American Outdoor Brands by 33.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company’s stock valued at $29,000 after purchasing an additional 777 shares during the last quarter. Empowered Funds LLC grew its holdings in American Outdoor Brands by 4.4% during the 4th quarter. Empowered Funds LLC now owns 23,427 shares of the company’s stock valued at $357,000 after purchasing an additional 979 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in American Outdoor Brands by 0.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 116,334 shares of the company’s stock valued at $1,773,000 after purchasing an additional 979 shares during the last quarter. State Street Corp grew its holdings in American Outdoor Brands by 3.9% during the 3rd 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 during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in American Outdoor Brands by 10.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 21,184 shares of the company’s stock valued at $323,000 after purchasing an additional 2,087 shares during the last quarter. 49.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital upped their target price on shares of 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 Trading Down 2.3 %

Shares of NASDAQ AOUT opened at $13.34 on Wednesday. The firm’s 50-day moving average price is $15.86 and its 200-day moving average price is $12.48. The stock has a market capitalization of $169.88 million, a price-to-earnings ratio of -22.61 and a beta of 0.29. American Outdoor Brands has a 12-month low of $7.45 and a 12-month 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.