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

American Outdoor Brands, Inc. (NASDAQ:AOUT - Get Free Report) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 101,500 shares, a decline of 16.0% from the February 13th total of 120,800 shares. Based on an average trading volume of 86,900 shares, the short-interest ratio is currently 1.2 days. Currently, 0.9% of the company's shares are sold short.

Institutional Trading of American Outdoor Brands

Several institutional investors and hedge funds have recently modified their holdings of AOUT. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of American Outdoor Brands during the third quarter valued at approximately $114,000. State Street Corp increased its holdings in American Outdoor Brands by 3.9% during the third quarter. State Street Corp now owns 45,786 shares of the company's stock valued at $422,000 after buying an additional 1,700 shares during the period. Barclays PLC purchased a new position in American Outdoor Brands during the third quarter valued at approximately $37,000. Geode Capital Management LLC increased its holdings in American Outdoor Brands by 4.6% during the third quarter. Geode Capital Management LLC now owns 138,336 shares of the company's stock valued at $1,276,000 after buying an additional 6,092 shares during the period. Finally, Sanctuary Advisors LLC increased its holdings in American Outdoor Brands by 35.0% during the third quarter. Sanctuary Advisors LLC now owns 38,817 shares of the company's stock valued at $380,000 after buying an additional 10,065 shares during the period. Institutional investors own 49.87% of the company's stock.

American Outdoor Brands Trading Down 3.0 %

Shares of American Outdoor Brands stock traded down $0.41 on Friday, hitting $13.14. 48,973 shares of the company traded hands, compared to its average volume of 45,361. The stock's 50 day moving average price is $15.74 and its 200-day moving average price is $12.52. American Outdoor Brands has a 52 week low of $7.45 and a 52 week high of $17.91. The company has a market cap of $167.34 million, a PE ratio of -22.27 and a beta of 0.29.

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Wall Street Analysts Forecast Growth

Separately, Lake Street Capital lifted their price target on shares of American Outdoor Brands from $14.00 to $20.00 and gave the company a "buy" rating in a research note on Monday, January 27th.

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.