American Outdoor Brands, Inc. (NASDAQ:AOUT - Get Free Report) saw a large drop in short interest in 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. Based on an average trading volume of 69,200 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.8% of the company's stock are short sold.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of American Outdoor Brands by 33.0% during the third quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company's stock valued at $29,000 after acquiring an additional 777 shares in the last quarter. Barclays PLC purchased a new stake in American Outdoor Brands during the 3rd quarter valued at $37,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of American Outdoor Brands in the 4th quarter worth $77,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of American Outdoor Brands in the 3rd quarter worth $114,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of American Outdoor Brands in the fourth quarter worth $158,000. 49.87% of the stock is owned by hedge funds and other institutional investors.
American Outdoor Brands Stock Performance
Shares of AOUT traded down $0.32 during trading hours on Friday, hitting $10.82. The company had a trading volume of 54,869 shares, compared to its average volume of 46,547. The stock has a market capitalization of $137.79 million, a price-to-earnings ratio of -18.34 and a beta of 0.42. The firm has a fifty day moving average price of $14.91 and a 200-day moving average price of $12.78. American Outdoor Brands has a 52-week low of $7.45 and a 52-week high of $17.91.
Wall Street Analyst Weigh In
Separately, Lake Street Capital raised their target price 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.
Check Out Our Latest Analysis on AOUT
American Outdoor Brands Company Profile
(
Get Free Report)
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.
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