American Outdoor Brands, Inc. (NASDAQ:AOUT) Short Interest Down 26.9% in January

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totalling 84,500 shares, a decline of 26.9% from the December 31st total of 115,600 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 76,800 shares, the days-to-cover ratio is currently 1.1 days.

Wall Street Analyst Weigh In

Separately, Lake Street Capital upped their price target on American Outdoor Brands from $14.00 to $20.00 and gave the stock a “buy” rating in a report on Monday.

American Outdoor Brands Stock Up 2.0 %

Shares of NASDAQ:AOUT traded up $0.34 during midday trading on Friday, reaching $17.51. 60,757 shares of the company traded hands, compared to its average volume of 76,147. The firm has a market capitalization of $223.36 million, a price-to-earnings ratio of -29.57 and a beta of 0.26. The firm’s fifty day moving average price is $14.41 and its two-hundred day moving average price is $10.91. American Outdoor Brands has a 12 month low of $7.45 and a 12 month high of $17.91.

American Outdoor Brands (NASDAQ:AOUT) last announced its earnings results on Thursday, December 5th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.18. American Outdoor Brands had a positive return on equity of 1.86% and a negative net margin of 3.70%. Analysts forecast that American Outdoor Brands will post 0.36 earnings per share for the current year.

Institutional Investors Weigh In On American Outdoor Brands

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted 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 acquiring an additional 777 shares during the period. Barclays PLC purchased a new stake in American Outdoor Brands during the 3rd quarter valued at about $37,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in American Outdoor Brands during the 3rd quarter valued at about $114,000. Sanctuary Advisors LLC purchased a new stake in American Outdoor Brands in the 2nd quarter worth approximately $259,000. Finally, Empowered Funds LLC lifted its holdings in American Outdoor Brands by 4.4% in the 4th quarter. Empowered Funds LLC now owns 23,427 shares of the company’s stock worth $357,000 after buying an additional 979 shares during the period. 49.87% of the stock is currently owned by hedge funds and other institutional investors.

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.