American Outdoor Brands, Inc. (NASDAQ:AOUT) Short Interest Up 69.3% in December

American Outdoor Brands, Inc. (NASDAQ:AOUT - Get Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 115,600 shares, a growth of 69.3% from the December 15th total of 68,300 shares. Currently, 1.1% of the company's stock are short sold. Based on an average daily trading volume, of 71,200 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in American Outdoor Brands by 33.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company's stock worth $29,000 after buying an additional 777 shares during the last quarter. Barclays PLC purchased a new position in shares of American Outdoor Brands during the third quarter worth approximately $37,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of American Outdoor Brands during the third quarter worth approximately $114,000. Sanctuary Advisors LLC acquired a new position in shares of American Outdoor Brands in the 2nd quarter valued at $259,000. Finally, State Street Corp raised 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. Institutional investors and hedge funds own 49.87% of the company's stock.

American Outdoor Brands Stock Up 10.9 %

AOUT traded up $1.61 on Wednesday, reaching $16.39. The company's stock had a trading volume of 99,445 shares, compared to its average volume of 91,027. The company has a market capitalization of $209.20 million, a price-to-earnings ratio of -27.78 and a beta of 0.26. American Outdoor Brands has a fifty-two week low of $7.45 and a fifty-two week high of $16.73. The stock has a 50 day moving average of $12.61 and a two-hundred day moving average of $10.25.

Analyst Ratings Changes

Separately, Lake Street Capital raised their price target on American Outdoor Brands from $11.50 to $14.00 and gave the company a "buy" rating in a research note on Friday, December 6th.

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.