Johnson Outdoors Inc. (NASDAQ:JOUT) Sees Large Growth in Short Interest

Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 448,400 shares, an increase of 5.4% from the October 31st total of 425,500 shares. Based on an average daily volume of 39,100 shares, the short-interest ratio is currently 11.5 days. Currently, 5.4% of the company's stock are sold short.

Institutional Trading of Johnson Outdoors

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Johnson Outdoors by 13.9% during the first quarter. Vanguard Group Inc. now owns 346,115 shares of the company's stock valued at $15,959,000 after acquiring an additional 42,314 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Johnson Outdoors during the 3rd quarter valued at approximately $1,020,000. Empowered Funds LLC lifted its stake in shares of Johnson Outdoors by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 18,411 shares of the company's stock valued at $666,000 after purchasing an additional 938 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Johnson Outdoors by 33.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 75,530 shares of the company's stock worth $2,734,000 after buying an additional 19,013 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its position in Johnson Outdoors by 71.5% during the third quarter. Rice Hall James & Associates LLC now owns 72,211 shares of the company's stock valued at $2,614,000 after buying an additional 30,100 shares during the period. 64.05% of the stock is owned by hedge funds and other institutional investors.

Johnson Outdoors Price Performance

Johnson Outdoors stock traded down $0.36 during trading hours on Tuesday, hitting $33.09. 23,973 shares of the stock traded hands, compared to its average volume of 49,100. The firm's 50 day moving average price is $33.80 and its 200-day moving average price is $35.37. The stock has a market capitalization of $340.86 million, a price-to-earnings ratio of -40.79, a P/E/G ratio of 1.67 and a beta of 0.71. Johnson Outdoors has a 1 year low of $31.60 and a 1 year high of $55.30.

Johnson Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend was Wednesday, October 9th. Johnson Outdoors's dividend payout ratio is presently -162.96%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Johnson Outdoors from a "sell" rating to a "hold" rating in a research report on Thursday, August 8th.

About Johnson Outdoors

Johnson Outdoors Inc designs, manufactures, and markets seasonal and outdoor recreational products for fishing worldwide. It operates through four segments: Fishing, Camping, Watercraft Recreation, and Diving. The Fishing segment offers electric motors for trolling, marine battery chargers, and shallow water anchors; sonar and GPS equipment for fish finding, navigation, and marine cartography; and downriggers for controlled-depth fishing.