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

Johnson Outdoors Inc. (NASDAQ:JOUT) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 481,800 shares, a growth of 8.7% from the November 30th total of 443,100 shares. Based on an average daily trading volume, of 41,100 shares, the days-to-cover ratio is presently 11.7 days. Approximately 5.8% of the company’s stock are short sold.

Johnson Outdoors Stock Down 0.0 %

Shares of JOUT stock opened at $33.00 on Wednesday. The company has a market capitalization of $339.83 million, a price-to-earnings ratio of -12.69, a P/E/G ratio of 1.89 and a beta of 0.71. Johnson Outdoors has a 12-month low of $29.98 and a 12-month high of $53.86. The firm has a fifty day moving average of $33.92 and a 200-day moving average of $35.30.

Johnson Outdoors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Thursday, January 9th. Johnson Outdoors’s dividend payout ratio is -50.77%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. nVerses Capital LLC lifted its stake in Johnson Outdoors by 100.0% in the 3rd quarter. nVerses Capital LLC now owns 800 shares of the company’s stock valued at $29,000 after acquiring an additional 400 shares in the last quarter. FMR LLC lifted its position in shares of Johnson Outdoors by 94.0% in the third quarter. FMR LLC now owns 1,335 shares of the company’s stock worth $48,000 after purchasing an additional 647 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Johnson Outdoors by 143.4% during 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. XTX Topco Ltd bought a new position in Johnson Outdoors in the second quarter valued at $238,000. Finally, Barclays PLC increased its stake in Johnson Outdoors by 182.9% in the 3rd quarter. Barclays PLC now owns 6,575 shares of the company’s stock valued at $238,000 after buying an additional 4,251 shares during the last quarter. 64.05% of the stock is owned by institutional investors and hedge funds.

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.