Short Interest in American Outdoor Brands, Inc. (NASDAQ:AOUT) Decreases By 17.7%

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 39,400 shares, a decline of 17.7% from the November 15th total of 47,900 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 53,300 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Lake Street Capital raised their price target on American Outdoor Brands from $11.50 to $14.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Roth Mkm boosted 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.

American Outdoor Brands Price Performance

AOUT stock traded down $0.16 during midday trading on Friday, hitting $15.07. The stock had a trading volume of 76,481 shares, compared to its average volume of 36,478. The company’s 50-day moving average price is $9.97 and its 200 day moving average price is $9.18. The firm has a market cap of $192.35 million, a PE ratio of -25.54 and a beta of 0.44. American Outdoor Brands has a 12-month low of $7.38 and a 12-month high of $15.38.

Institutional Trading of American Outdoor Brands

A number of hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in shares of American Outdoor Brands by 0.6% in the 2nd quarter. Renaissance Technologies LLC now owns 271,068 shares of the company’s stock valued at $2,440,000 after purchasing an additional 1,600 shares in the last quarter. Brandes Investment Partners LP grew its stake in American Outdoor Brands by 70.8% during the 2nd quarter. Brandes Investment Partners LP now owns 697,603 shares of the company’s stock worth $6,178,000 after buying an additional 289,229 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in American Outdoor Brands in the second quarter valued at $259,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of American Outdoor Brands during the third quarter valued at $114,000. Finally, State Street Corp lifted its position in American Outdoor Brands by 3.9% in the 3rd quarter. State Street Corp now owns 45,786 shares of the company’s stock valued at $422,000 after purchasing an additional 1,700 shares during the last quarter. 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.