American Outdoor Brands, Inc. (NASDAQ:AOUT) Short Interest Update

American Outdoor Brands, Inc. (NASDAQ:AOUT) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 81,000 shares, a growth of 9.3% from the June 30th total of 74,100 shares. Based on an average daily volume of 28,300 shares, the short-interest ratio is currently 2.9 days. Currently, 0.7% of the shares of the company are short sold.

American Outdoor Brands Price Performance

Shares of NASDAQ:AOUT traded down $0.14 on Wednesday, reaching $9.62. The company’s stock had a trading volume of 3,954 shares, compared to its average volume of 30,699. The stock’s 50-day moving average is $8.56 and its two-hundred day moving average is $8.53. American Outdoor Brands has a 52-week low of $7.19 and a 52-week high of $10.35. The stock has a market capitalization of $124.10 million, a P/E ratio of -9.36 and a beta of 0.37.

American Outdoor Brands (NASDAQ:AOUT) last issued its quarterly earnings results on Thursday, June 27th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.09). American Outdoor Brands had a positive return on equity of 0.41% and a negative net margin of 6.09%. The company had revenue of $46.30 million for the quarter, compared to analyst estimates of $43.20 million. During the same period in the prior year, the business earned ($0.03) earnings per share. Equities analysts forecast that American Outdoor Brands will post 0.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Outdoor Brands

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gamco Investors INC. ET AL lifted its position in shares of American Outdoor Brands by 9.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 290,063 shares of the company’s stock valued at $2,553,000 after acquiring an additional 24,400 shares during the period. Empowered Funds LLC increased its stake in shares of American Outdoor Brands by 7.6% during the 1st quarter. Empowered Funds LLC now owns 19,936 shares of the company’s stock worth $175,000 after purchasing an additional 1,400 shares in the last quarter. Diversified Investment Strategies LLC raised its position in shares of American Outdoor Brands by 103.4% during the 1st quarter. Diversified Investment Strategies LLC now owns 60,000 shares of the company’s stock worth $528,000 after purchasing an additional 30,500 shares during the last quarter. Confluence Investment Management LLC purchased a new stake in American Outdoor Brands in the 1st quarter valued at approximately $2,314,000. Finally, Teton Advisors Inc. grew its holdings in American Outdoor Brands by 6.1% during the 4th quarter. Teton Advisors Inc. now owns 181,000 shares of the company’s stock valued at $1,520,000 after buying an additional 10,362 shares during the last quarter. 49.87% of the stock is currently owned by institutional investors and hedge funds.

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.