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

American Outdoor Brands, Inc. (NASDAQ:AOUT) experienced a notable reduction in short interest throughout February. By February 28th, short interest dropped to 101,500 shares, reflecting a decrease of 16.0% from the previous total of 120,800 shares recorded on February 13th. Given an average daily trading volume of 86,900 shares, the current days-to-cover ratio stands at 1.2 days. Approximately 0.9% of the company's shares are currently sold short.

Institutional Trading of American Outdoor Brands

Several hedge funds have recently adjusted their positions in AOUT. For instance, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in American Outdoor Brands valued at $114,000 during the third quarter. Similarly, State Street Corp increased its holdings in American Outdoor Brands by 3.9% during the same period, now owning 45,786 shares worth $422,000 after adding 1,700 shares last quarter. Barclays PLC also picked up a new stake valued at $37,000, while Geode Capital Management LLC raised its investment in the company by 4.6%, now holding 138,336 shares valued at $1,276,000 after an additional purchase of 6,092 shares. Sanctuary Advisors LLC increased its investment by a significant 35.0%, owning 38,817 shares valued at $380,000 after buying an extra 10,065 shares. In total, hedge funds and other institutional investors control about 49.87% of the company's shares.

Wall Street Analyst Insights

In related news, Lake Street Capital recently raised their price target for American Outdoor Brands from $14.00 to $20.00 and assigned the company a 'buy' rating in a report issued on January 27th.

American Outdoor Brands Stock Performance

As for stock performance, shares of NASDAQ:AOUT opened at $13.65 on Tuesday. The stock has fluctuated between a one-year low of $7.45 and a one-year high of $17.91. Currently, it has a fifty-day moving average of $15.90, with a 200-day moving average of $12.45. The company holds a market cap of approximately $173.83 million, a PE ratio of -23.14, and a beta of 0.29.

American Outdoor Brands Company Overview

American Outdoor Brands, Inc. offers a range of outdoor products and accessories catering to rugged outdoor enthusiasts both in the United States and internationally. Their products encompass hunting, fishing, camping, shooting, and personal security. Additionally, they provide shooting sports accessories like rests and vaults, outdoor lifestyle items such as premium knives and tools for hunting and fishing, land management tools, and cooking products for camping, along with survival and emergency preparedness essentials.

Additional Resources

While American Outdoor Brands has gained popularity among analysts, individuals seeking investment options may find better opportunities elsewhere. It’s prudent to explore a variety of stocks before making investment decisions.

American, Outdoor, Brands