Short Interest in American Outdoor Brands, Inc. (NASDAQ:AOUT) Drops By 6.4%

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 47,900 shares, a decline of 6.4% from the October 31st total of 51,200 shares. Based on an average daily volume of 33,600 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.4% of the company’s shares are short sold.

American Outdoor Brands Price Performance

American Outdoor Brands stock opened at $9.72 on Monday. The firm has a market capitalization of $124.75 million, a price-to-earnings ratio of -11.96 and a beta of 0.38. American Outdoor Brands has a fifty-two week low of $7.19 and a fifty-two week high of $9.90. The company’s 50 day simple moving average is $9.22 and its 200 day simple moving average is $8.86.

American Outdoor Brands (NASDAQ:AOUT) last released its quarterly earnings data on Thursday, September 5th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.08. American Outdoor Brands had a positive return on equity of 0.81% and a negative net margin of 5.27%. The business had revenue of $41.64 million for the quarter, compared to analysts’ expectations of $40.50 million. As a group, analysts predict that American Outdoor Brands will post 0.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm raised their target price on shares of 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

Several institutional investors and hedge funds have recently made changes to their positions in AOUT. Barclays PLC acquired a new stake in shares of American Outdoor Brands during the third quarter worth $37,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in American Outdoor Brands during the 3rd quarter worth about $114,000. Sanctuary Advisors LLC acquired a new stake in shares of American Outdoor Brands in the 2nd quarter valued at about $259,000. State Street Corp lifted its holdings in shares of American Outdoor Brands by 3.9% in the third quarter. State Street Corp now owns 45,786 shares of the company’s stock valued at $422,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in American Outdoor Brands by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 138,336 shares of the company’s stock worth $1,276,000 after acquiring an additional 6,092 shares during the last quarter. Institutional investors and hedge funds own 49.87% of the company’s stock.

American Outdoor Brands Company Profile

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.