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

American Outdoor Brands, Inc. (NASDAQ:AOUT) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 86,600 shares, a decline of 14.7% from the February 28th total of 101,500 shares. Based on an average daily volume of 69,200 shares, the short-interest ratio is presently 1.3 days. Approximately 0.8% of the company’s stock are sold short.

Institutional Investors Weigh In On American Outdoor Brands

Several large investors have recently bought and sold shares of AOUT. JPMorgan Chase & Co. boosted its holdings in American Outdoor Brands by 33.0% in the third quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company’s stock worth $29,000 after purchasing an additional 777 shares during the last quarter. Barclays PLC purchased a new stake in shares of American Outdoor Brands during the third quarter worth about $37,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of American Outdoor Brands during the fourth quarter valued at approximately $77,000. Cubist Systematic Strategies LLC bought a new stake in American Outdoor Brands in the 4th quarter valued at $158,000. Finally, Bank of America Corp DE lifted its position in shares of American Outdoor Brands by 1,469.5% in the fourth quarter. Bank of America Corp DE now owns 10,390 shares of the company’s stock worth $158,000 after buying an additional 9,728 shares in the last quarter. 49.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Lake Street Capital upped their target price on shares of American Outdoor Brands from $14.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, January 27th.

American Outdoor Brands Trading Down 0.6 %

American Outdoor Brands stock opened at $12.09 on Wednesday. The firm has a market cap of $153.97 million, a price-to-earnings ratio of -20.49 and a beta of 0.29. American Outdoor Brands has a 12 month low of $7.45 and a 12 month high of $17.91. The stock has a fifty day simple moving average of $15.23 and a two-hundred day simple moving average of $12.75.

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.