Johnson Outdoors Inc. (NASDAQ:JOUT) Short Interest Update

Johnson Outdoors Inc. (NASDAQ:JOUT) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 448,400 shares, an increase of 5.4% from the October 31st total of 425,500 shares. Currently, 5.4% of the shares of the company are short sold. Based on an average daily volume of 39,100 shares, the days-to-cover ratio is presently 11.5 days.

Institutional Trading of Johnson Outdoors

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

Analysts Set New Price Targets

Separately, StockNews.com raised Johnson Outdoors from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

Johnson Outdoors Trading Up 1.6 %

JOUT stock opened at $33.74 on Thursday. The firm has a 50 day moving average of $33.69 and a 200-day moving average of $35.33. Johnson Outdoors has a 12-month low of $31.60 and a 12-month high of $55.30. The company has a market cap of $347.52 million, a price-to-earnings ratio of -41.65, a PEG ratio of 1.66 and a beta of 0.71.

Johnson Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th were paid a $0.33 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $1.32 annualized dividend and a yield of 3.91%. Johnson Outdoors’s payout ratio is currently -162.96%.

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.