American Outdoor Brands, Inc. (NASDAQ:AOUT) Short Interest Down 21.3% in September

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 42,900 shares, a drop of 21.3% from the August 31st total of 54,500 shares. Based on an average trading volume of 27,500 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.4% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Roth Mkm lifted 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 note on Monday, September 16th.

Institutional Trading of American Outdoor Brands

A number of institutional investors and hedge funds have recently modified their holdings of AOUT. Brandes Investment Partners LP grew its position in shares of American Outdoor Brands by 70.8% during the second 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 in the last quarter. Gamco Investors INC. ET AL raised its stake in American Outdoor Brands by 9.2% in the first quarter. Gamco Investors INC. ET AL now owns 290,063 shares of the company’s stock worth $2,553,000 after buying an additional 24,400 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of American Outdoor Brands by 0.6% during the 2nd quarter. Renaissance Technologies LLC now owns 271,068 shares of the company’s stock worth $2,440,000 after purchasing an additional 1,600 shares during the last quarter. Confluence Investment Management LLC bought a new stake in shares of American Outdoor Brands in the 1st quarter valued at about $2,314,000. Finally, Diversified Investment Strategies LLC grew its stake in 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 buying an additional 30,500 shares during the last quarter. Institutional investors own 49.87% of the company’s stock.

American Outdoor Brands Trading Up 0.8 %

American Outdoor Brands stock traded up $0.07 during midday trading on Friday, reaching $9.05. The stock had a trading volume of 9,489 shares, compared to its average volume of 28,902. The company has a market capitalization of $116.70 million, a P/E ratio of -9.53 and a beta of 0.37. American Outdoor Brands has a 12 month low of $7.19 and a 12 month high of $10.00. The company has a fifty day moving average price of $8.93 and a two-hundred day moving average price of $8.60.

American Outdoor Brands (NASDAQ:AOUT) last announced its earnings results on Thursday, June 27th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.09). The company had revenue of $46.30 million during the quarter, compared to analysts’ expectations of $43.20 million. American Outdoor Brands had a negative net margin of 5.27% and a positive return on equity of 0.81%. During the same period in the prior year, the business earned ($0.03) earnings per share. On average, equities research analysts predict that American Outdoor Brands will post 0.28 earnings per share for the current fiscal year.

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.