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

Johnson Outdoors Inc. (NASDAQ:JOUT - Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 481,800 shares, an increase of 8.7% from the November 30th total of 443,100 shares. Currently, 5.8% of the company's stock are sold short. Based on an average daily volume of 41,100 shares, the short-interest ratio is presently 11.7 days.

Hedge Funds Weigh In On Johnson Outdoors

Several hedge funds have recently modified their holdings of the stock. nVerses Capital LLC raised its stake in Johnson Outdoors by 100.0% in the 3rd quarter. nVerses Capital LLC now owns 800 shares of the company's stock worth $29,000 after acquiring an additional 400 shares during the last quarter. FMR LLC increased its holdings in shares of Johnson Outdoors by 94.0% in the third quarter. FMR LLC now owns 1,335 shares of the company's stock valued at $48,000 after purchasing an additional 647 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Johnson Outdoors by 143.4% in the third quarter. Public Employees Retirement System of Ohio now owns 4,959 shares of the company's stock worth $180,000 after purchasing an additional 2,922 shares during the last quarter. Barclays PLC raised its stake in shares of Johnson Outdoors by 182.9% in the third quarter. Barclays PLC now owns 6,575 shares of the company's stock worth $238,000 after purchasing an additional 4,251 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Johnson Outdoors during the second quarter worth about $238,000. Institutional investors and hedge funds own 64.05% of the company's stock.

Johnson Outdoors Stock Performance

JOUT stock traded down $0.01 on Wednesday, hitting $33.00. 128,148 shares of the company's stock were exchanged, compared to its average volume of 50,814. The firm has a 50 day moving average price of $33.92 and a two-hundred day moving average price of $35.28. Johnson Outdoors has a 12-month low of $29.98 and a 12-month high of $53.86. The stock has a market cap of $339.83 million, a P/E ratio of -12.69, a price-to-earnings-growth ratio of 1.89 and a beta of 0.71.

Johnson Outdoors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be paid a dividend of $0.33 per share. The ex-dividend date is Friday, January 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.00%. Johnson Outdoors's payout ratio is -50.77%.

Johnson Outdoors Company Profile

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.