American Outdoor Brands, Inc. (NASDAQ:AOUT) Short Interest Update

American Outdoor Brands, Inc. (NASDAQ:AOUT - Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 86,600 shares, a drop of 14.7% from the February 28th total of 101,500 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average trading volume of 69,200 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of American Outdoor Brands

A number of institutional investors have recently made changes to their positions in AOUT. JPMorgan Chase & Co. raised its holdings in American Outdoor Brands by 33.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company's stock valued at $29,000 after buying an additional 777 shares during the last quarter. Barclays PLC purchased a new position in shares of American Outdoor Brands in the third quarter valued at about $37,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of American Outdoor Brands during the fourth quarter valued at about $77,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of American Outdoor Brands during the third quarter worth about $114,000. Finally, Cubist Systematic Strategies LLC purchased a new position in American Outdoor Brands during the 4th quarter valued at about $158,000. Hedge funds and other institutional investors own 49.87% of the company's stock.

American Outdoor Brands Stock Down 8.8 %

Shares of NASDAQ AOUT traded down $1.07 during midday trading on Thursday, reaching $11.14. The company had a trading volume of 60,784 shares, compared to its average volume of 46,254. The stock has a market cap of $141.87 million, a PE ratio of -18.88 and a beta of 0.29. American Outdoor Brands has a one year low of $7.45 and a one year high of $17.91. The firm's fifty day moving average price is $15.14 and its 200-day moving average price is $12.75.

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Analyst Upgrades and Downgrades

Separately, Lake Street Capital upped their price objective 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.

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.