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

American Outdoor Brands, Inc. (NASDAQ:AOUT - Get Free Report) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 42,900 shares, a decrease of 21.3% from the August 31st total of 54,500 shares. Based on an average daily trading volume, of 27,500 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.4% of the company's stock are sold short.

American Outdoor Brands Trading Up 0.8 %

American Outdoor Brands stock traded up $0.07 during trading on Friday, hitting $9.05. 9,489 shares of the company were exchanged, compared to its average volume of 28,902. The company has a market capitalization of $116.70 million, a P/E ratio of -9.53 and a beta of 0.37. The business's 50 day moving average is $8.93 and its 200 day moving average is $8.60. American Outdoor Brands has a 52 week low of $7.19 and a 52 week high of $10.00.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last announced its quarterly earnings data on Thursday, June 27th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.09). The business had revenue of $46.30 million during the quarter, compared to the consensus estimate of $43.20 million. American Outdoor Brands had a negative net margin of 5.27% and a positive return on equity of 0.81%. During the same quarter last year, the company earned ($0.03) EPS. Equities analysts expect that American Outdoor Brands will post 0.28 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Brandes Investment Partners LP grew its stake in American Outdoor Brands by 70.8% in the 2nd quarter. Brandes Investment Partners LP now owns 697,603 shares of the company's stock valued at $6,178,000 after purchasing an additional 289,229 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of American Outdoor Brands by 9.2% during the 1st quarter. Gamco Investors INC. ET AL now owns 290,063 shares of the company's stock worth $2,553,000 after acquiring an additional 24,400 shares during the period. Renaissance Technologies LLC grew its stake in shares of American Outdoor Brands by 0.6% during the 2nd quarter. Renaissance Technologies LLC now owns 271,068 shares of the company's stock worth $2,440,000 after acquiring an additional 1,600 shares during the period. Confluence Investment Management LLC bought a new position in shares of American Outdoor Brands during the 1st quarter worth $2,314,000. Finally, Diversified Investment Strategies LLC grew its stake in shares of American Outdoor Brands by 103.4% during the 1st quarter. Diversified Investment Strategies LLC now owns 60,000 shares of the company's stock worth $528,000 after acquiring an additional 30,500 shares during the period. Institutional investors own 49.87% of the company's stock.

Analyst Ratings Changes

Separately, Roth Mkm upped their price target on American Outdoor Brands from $10.50 to $11.00 and gave the stock a "buy" rating in a report on Monday, September 16th.

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.