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

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 90,800 shares, an increase of 7.5% from the January 15th total of 84,500 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 84,400 shares, the days-to-cover ratio is currently 1.1 days.

American Outdoor Brands Stock Up 1.2 %

Shares of American Outdoor Brands stock traded up $0.20 on Friday, hitting $17.20. The company had a trading volume of 56,040 shares, compared to its average volume of 65,887. American Outdoor Brands has a twelve month low of $7.45 and a twelve month high of $17.91. The stock has a 50-day moving average of $15.91 and a 200-day moving average of $11.52.

American Outdoor Brands (NASDAQ:AOUT) last released its quarterly earnings results on Thursday, December 5th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.18. American Outdoor Brands had a negative net margin of 3.70% and a positive return on equity of 1.86%. On average, equities research analysts anticipate that American Outdoor Brands will post 0.36 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Lake Street Capital boosted their price objective on shares of American Outdoor Brands from $14.00 to $20.00 and gave the company a “buy” rating in a report on Monday, January 27th.

Institutional Trading of American Outdoor Brands

A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in shares of American Outdoor Brands by 33.0% in the third quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company’s stock worth $29,000 after purchasing an additional 777 shares in the last quarter. Empowered Funds LLC lifted its position in shares of American Outdoor Brands by 4.4% in the fourth quarter. Empowered Funds LLC now owns 23,427 shares of the company’s stock worth $357,000 after purchasing an additional 979 shares in the last quarter. State Street Corp lifted its position 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 worth $422,000 after purchasing an additional 1,700 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of American Outdoor Brands by 10.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 21,184 shares of the company’s stock worth $323,000 after purchasing an additional 2,087 shares in the last quarter. Finally, Barclays PLC bought a new stake in American Outdoor Brands during the third quarter worth $37,000. Institutional investors own 49.87% of the company’s stock.

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.