Short Interest in American Outdoor Brands, Inc. (NASDAQ:AOUT) Grows By 26.4%

American Outdoor Brands, Inc. (NASDAQ:AOUT - Get Free Report) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 53,200 shares, a growth of 26.4% from the September 30th total of 42,100 shares. Currently, 0.5% of the company's stock are sold short. Based on an average trading volume of 24,200 shares, the short-interest ratio is presently 2.2 days.

American Outdoor Brands Trading Down 0.4 %

NASDAQ AOUT traded down $0.04 on Monday, hitting $9.30. 31,513 shares of the company's stock traded hands, compared to its average volume of 28,579. The firm has a market capitalization of $119.92 million, a PE ratio of -9.79 and a beta of 0.37. American Outdoor Brands has a 1-year low of $7.19 and a 1-year high of $9.90. The firm's 50-day moving average price is $9.03 and its two-hundred day moving average price is $8.68.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last released its quarterly earnings data on Thursday, September 5th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.08. The business had revenue of $41.64 million for the quarter, compared to analyst estimates of $40.50 million. American Outdoor Brands had a positive return on equity of 0.81% and a negative net margin of 5.27%. On average, research analysts anticipate that American Outdoor Brands will post 0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Empowered Funds LLC grew its stake in American Outdoor Brands by 7.6% in the 1st quarter. Empowered Funds LLC now owns 19,936 shares of the company's stock valued at $175,000 after acquiring an additional 1,400 shares during the period. Sanctuary Advisors LLC purchased a new position in American Outdoor Brands during the second quarter worth approximately $259,000. Renaissance Technologies LLC boosted its stake in American Outdoor Brands by 0.6% during the second quarter. Renaissance Technologies LLC now owns 271,068 shares of the company's stock worth $2,440,000 after buying an additional 1,600 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in American Outdoor Brands by 9.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 290,063 shares of the company's stock valued at $2,553,000 after buying an additional 24,400 shares in the last quarter. Finally, Brandes Investment Partners LP boosted its position in shares of American Outdoor Brands by 70.8% during the 2nd quarter. Brandes Investment Partners LP now owns 697,603 shares of the company's stock valued at $6,178,000 after acquiring an additional 289,229 shares during the last quarter. Institutional investors and hedge funds own 49.87% of the company's stock.

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.