American Outdoor Brands, Inc. (NASDAQ:AOUT) Sees Significant Decline in Short Interest

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 39,400 shares, a drop of 17.7% from the November 15th total of 47,900 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 53,300 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On American Outdoor Brands

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC acquired a new position in American Outdoor Brands in the 3rd quarter valued at about $37,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of American Outdoor Brands during the third quarter worth about $114,000. Sanctuary Advisors LLC purchased a new position in shares of American Outdoor Brands in the second quarter valued at approximately $259,000. State Street Corp grew its holdings in shares of American Outdoor Brands by 3.9% in the third 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 in the last quarter. Finally, Geode Capital Management LLC grew its holdings 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 in the last quarter. Hedge funds and other institutional investors own 49.87% of the company’s stock.

American Outdoor Brands Stock Performance

Shares of AOUT stock opened at $15.07 on Friday. American Outdoor Brands has a one year low of $7.38 and a one year high of $15.38. The firm’s 50 day moving average price is $9.97 and its 200-day moving average price is $9.18. The firm has a market cap of $192.35 million, a P/E ratio of -25.54 and a beta of 0.44.

About American Outdoor Brands

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.