Amer Sports, Inc. (NYSE:AS) Short Interest Update

Amer Sports, Inc. (NYSE:AS) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 8,560,000 shares, a growth of 33.1% from the November 15th total of 6,430,000 shares. Currently, 13.0% of the shares of the company are sold short. Based on an average trading volume of 2,660,000 shares, the days-to-cover ratio is currently 3.2 days.

Institutional Trading of Amer Sports

Several institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in Amer Sports by 734.8% in the third quarter. BNP Paribas Financial Markets now owns 80,760 shares of the company’s stock worth $1,288,000 after acquiring an additional 71,086 shares in the last quarter. Woodson Capital Management LP acquired a new position in shares of Amer Sports in the 3rd quarter worth approximately $12,907,000. Shellback Capital LP raised its holdings in shares of Amer Sports by 5.0% in the 2nd quarter. Shellback Capital LP now owns 525,000 shares of the company’s stock worth $6,599,000 after purchasing an additional 25,000 shares in the last quarter. Creative Planning acquired a new stake in Amer Sports during the third quarter valued at approximately $656,000. Finally, XTX Topco Ltd bought a new stake in Amer Sports during the third quarter worth approximately $609,000. Institutional investors and hedge funds own 40.25% of the company’s stock.

Analyst Ratings Changes

AS has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price objective on shares of Amer Sports from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Robert W. Baird increased their price target on Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. TD Cowen boosted their price objective on Amer Sports from $23.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Nomura Securities upgraded Amer Sports to a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, Wells Fargo & Company upped their price target on shares of Amer Sports from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.07.

Amer Sports Price Performance

Shares of NYSE AS traded up $0.77 during mid-day trading on Friday, reaching $27.65. 2,827,409 shares of the company traded hands, compared to its average volume of 1,913,013. The firm has a market cap of $15.11 billion and a PE ratio of -197.49. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. Amer Sports has a fifty-two week low of $10.11 and a fifty-two week high of $27.79. The stock has a fifty day simple moving average of $21.18 and a 200-day simple moving average of $16.11.

About Amer Sports

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.