Short Interest in Amer Sports, Inc. (NYSE:AS) Decreases By 6.3%

Amer Sports, Inc. (NYSE:AS - Get Free Report) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 5,050,000 shares, a drop of 6.3% from the January 15th total of 5,390,000 shares. Based on an average daily volume of 3,020,000 shares, the short-interest ratio is currently 1.7 days. Approximately 4.6% of the shares of the company are short sold.

Amer Sports Trading Down 2.6 %

NYSE AS traded down $0.76 during trading on Friday, reaching $28.58. 4,362,255 shares of the stock traded hands, compared to its average volume of 2,785,222. The firm has a market cap of $15.61 billion and a price-to-earnings ratio of -204.10. The stock's 50-day moving average price is $29.96 and its 200 day moving average price is $21.90. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. Amer Sports has a fifty-two week low of $10.11 and a fifty-two week high of $34.00.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Morgan Stanley raised their price target on shares of Amer Sports from $19.00 to $27.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. HSBC downgraded shares of Amer Sports from a "buy" rating to a "hold" rating and set a $30.00 price objective for the company. in a report on Monday, December 16th. TD Cowen raised their price objective on shares of Amer Sports from $29.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. Wells Fargo & Company raised their price objective on shares of Amer Sports from $20.00 to $25.00 and gave the stock an "equal weight" rating in a report on Friday, December 20th. Finally, Hsbc Global Res downgraded shares of Amer Sports from a "strong-buy" rating to a "hold" rating in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amer Sports presently has an average rating of "Moderate Buy" and an average price target of $28.64.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in Amer Sports by 734.8% in the third quarter. BNP Paribas Financial Markets now owns 80,760 shares of the company's stock valued at $1,288,000 after buying an additional 71,086 shares in the last quarter. Woodson Capital Management LP bought a new stake in Amer Sports during the third quarter worth $12,907,000. XTX Topco Ltd acquired a new position in shares of Amer Sports in the third quarter valued at $609,000. Public Employees Retirement System of Ohio bought a new position in shares of Amer Sports in the third quarter valued at about $337,000. Finally, State Street Corp increased its position in Amer Sports by 65.1% during the third quarter. State Street Corp now owns 884,526 shares of the company's stock worth $14,108,000 after acquiring an additional 348,877 shares during the period. Institutional investors and hedge funds own 40.25% of the company's stock.

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.