American Outdoor Brands, Inc. (NASDAQ:AOUT) Sees Significant Increase in Short Interest

American Outdoor Brands, Inc. (NASDAQ:AOUT - Get Free Report) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 120,800 shares, an increase of 33.0% from the January 31st total of 90,800 shares. Based on an average trading volume of 83,700 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.1% of the company's stock are short sold.

American Outdoor Brands Stock Down 7.4 %

NASDAQ:AOUT traded down $1.12 during trading hours on Friday, hitting $13.97. 139,262 shares of the company traded hands, compared to its average volume of 73,517. The firm's 50-day simple moving average is $16.20 and its 200-day simple moving average is $12.26. American Outdoor Brands has a one year low of $7.45 and a one year high of $17.91. The company has a market cap of $178.31 million, a PE ratio of -23.68 and a beta of 0.29.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last released its earnings results on Thursday, December 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.18. American Outdoor Brands had a positive return on equity of 1.86% and a negative net margin of 3.70%. As a group, equities research analysts expect that American Outdoor Brands will post 0.36 EPS for the current year.

Hedge Funds Weigh In On American Outdoor Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of American Outdoor Brands in the 4th quarter worth about $77,000. Occudo Quantitative Strategies LP purchased a new position in shares of American Outdoor Brands in the 4th quarter worth about $168,000. Millennium Management LLC purchased a new position in shares of American Outdoor Brands in the 4th quarter worth about $673,000. Cubist Systematic Strategies LLC purchased a new position in shares of American Outdoor Brands in the 4th quarter worth about $158,000. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of American Outdoor Brands by 0.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 116,334 shares of the company's stock worth $1,773,000 after buying an additional 979 shares during the last quarter. 49.87% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Separately, Lake Street Capital increased their price objective on American Outdoor Brands from $14.00 to $20.00 and gave the stock a "buy" rating in a research note on Monday, January 27th.

About American Outdoor Brands

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.