American Outdoor Brands, Inc. (NASDAQ:AOUT) Short Interest Down 20.2% in May

American Outdoor Brands, Inc. (NASDAQ:AOUT) saw a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 65,700 shares, a decline of 20.2% from the May 15th total of 82,300 shares. Based on an average trading volume of 28,400 shares, the short-interest ratio is currently 2.3 days. Currently, 0.6% of the shares of the company are short sold.

American Outdoor Brands Trading Down 3.5 %

American Outdoor Brands stock opened at $8.06 on Monday. The company has a market capitalization of $102.85 million, a price-to-earnings ratio of -9.83 and a beta of 0.35. The stock’s 50 day moving average is $8.22 and its 200-day moving average is $8.40. American Outdoor Brands has a 12 month low of $7.19 and a 12 month high of $10.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC acquired a new stake in shares of American Outdoor Brands during the third quarter worth $60,000. Victory Capital Management Inc. acquired a new stake in American Outdoor Brands in the 4th quarter worth about $74,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in American Outdoor Brands in the 3rd quarter valued at about $116,000. Empowered Funds LLC grew its position in shares of American Outdoor Brands by 7.6% during the 1st quarter. Empowered Funds LLC now owns 19,936 shares of the company’s stock worth $175,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of American Outdoor Brands by 139.5% during the third quarter. Acadian Asset Management LLC now owns 36,724 shares of the company’s stock worth $358,000 after purchasing an additional 21,388 shares during the period. 49.87% of the stock is owned by institutional investors and hedge funds.

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.