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

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On American Outdoor Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in shares of 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 purchasing an additional 1,400 shares during the period. Sanctuary Advisors LLC acquired a new position in American Outdoor Brands in the second quarter worth approximately $259,000. Renaissance Technologies LLC increased 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 purchasing an additional 1,600 shares during the last quarter. Gamco Investors INC. ET AL increased its position in American Outdoor Brands by 9.2% during the first quarter. Gamco Investors INC. ET AL now owns 290,063 shares of the company’s stock worth $2,553,000 after buying an additional 24,400 shares during the last quarter. Finally, Brandes Investment Partners LP raised its stake in shares of 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 acquiring an additional 289,229 shares in the last quarter. 49.87% of the stock is owned by institutional investors.

American Outdoor Brands Stock Performance

Shares of NASDAQ:AOUT opened at $9.30 on Wednesday. The firm has a market cap of $119.36 million, a PE ratio of -11.34 and a beta of 0.37. The company has a fifty day simple moving average of $9.05 and a 200 day simple moving average of $8.69. American Outdoor Brands has a 12-month low of $7.19 and a 12-month high of $9.90.

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

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.