American Outdoor Brands, Inc. (NASDAQ:AOUT) Sees Large Growth in Short Interest

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 115,600 shares, an increase of 69.3% from the December 15th total of 68,300 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average trading volume of 71,200 shares, the days-to-cover ratio is currently 1.6 days.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital lifted their target price on American Outdoor Brands from $11.50 to $14.00 and gave the company a “buy” rating in a research note on Friday, December 6th.

Hedge Funds Weigh In On American Outdoor Brands

Several hedge funds and other institutional investors have recently modified their holdings of the company. Brandes Investment Partners LP lifted its position in American Outdoor Brands by 70.8% in the 2nd quarter. Brandes Investment Partners LP now owns 697,603 shares of the company’s stock valued at $6,178,000 after purchasing an additional 289,229 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of American Outdoor Brands in the second quarter valued at approximately $259,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of American Outdoor Brands in the third quarter valued at approximately $114,000. Geode Capital Management LLC raised its holdings in shares of American Outdoor Brands by 4.6% during the third quarter. Geode Capital Management LLC now owns 138,336 shares of the company’s stock valued at $1,276,000 after buying an additional 6,092 shares during the last quarter. Finally, Barclays PLC acquired a new position in shares of American Outdoor Brands during the third quarter worth approximately $37,000. Institutional investors and hedge funds own 49.87% of the company’s stock.

American Outdoor Brands Price Performance

Shares of AOUT opened at $16.24 on Friday. American Outdoor Brands has a 12 month low of $7.45 and a 12 month high of $16.73. The stock has a fifty day moving average price of $12.76 and a 200 day moving average price of $10.29. The company has a market cap of $207.22 million, a P/E ratio of -27.52 and a beta of 0.26.

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.