Short Interest in American Outdoor Brands, Inc. (NASDAQ:AOUT) Grows By 73.4%

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 68,300 shares, a growth of 73.4% from the November 30th total of 39,400 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 60,700 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On American Outdoor Brands

Several institutional investors have recently made changes to their positions in AOUT. Brandes Investment Partners LP lifted its position 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 worth $6,178,000 after buying an additional 289,229 shares during the last quarter. Renaissance Technologies LLC grew its position in American Outdoor Brands by 0.6% in the 2nd quarter. Renaissance Technologies LLC now owns 271,068 shares of the company’s stock valued at $2,440,000 after purchasing an additional 1,600 shares during the period. Geode Capital Management LLC increased its holdings in American Outdoor Brands by 4.6% during the 3rd 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. State Street Corp lifted its stake 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 acquiring an additional 1,700 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in shares of American Outdoor Brands by 35.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 38,817 shares of the company’s stock worth $380,000 after acquiring an additional 10,065 shares in the last quarter. 49.87% of the stock is currently owned by institutional investors.

American Outdoor Brands Trading Down 3.0 %

Shares of NASDAQ AOUT opened at $14.94 on Friday. American Outdoor Brands has a 12 month low of $7.45 and a 12 month high of $15.99. The company has a market capitalization of $190.69 million, a P/E ratio of -25.32 and a beta of 0.44. The stock has a 50 day moving average of $11.13 and a 200-day moving average of $9.65.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Roth Mkm upped their target price on shares of American Outdoor Brands from $10.50 to $11.00 and gave the company a “buy” rating in a research report on Monday, September 16th. 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 research report on Friday, December 6th.

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.