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

American Outdoor Brands, Inc. (NASDAQ:AOUT - Get Free Report) experienced a notable reduction in short interest for February. By February 28, the total short interest reached 101,500 shares, which is a drop of 16.0% from the 120,800 shares recorded on February 13. Based on an average daily trading volume of 86,900 shares, the current short-interest ratio stands at 1.2 days. This means that around 0.9% of the company’s shares are sold short.

Institutional Trading of American Outdoor Brands

Several hedge funds have recently adjusted their positions in American Outdoor Brands. Connor Clark & Lunn Investment Management Ltd. acquired a new stake valued at $114,000 during the third quarter. State Street Corp increased its holdings in the company by 3.9%, resulting in ownership of 45,786 shares valued at $422,000 after buying an additional 1,700 shares in the last quarter. Barclays PLC also took a new position in American Outdoor Brands worth $37,000 in the same quarter. Geode Capital Management LLC raised its stake by 4.6%, now owning 138,336 shares valued at $1,276,000 after an additional purchase of 6,092 shares. Additionally, Sanctuary Advisors LLC enlarged its holdings by 35.0%, owning 38,817 shares valued at $380,000 after acquiring 10,065 more shares. Overall, institutional investors hold 49.87% of the company's stock.

Wall Street Analyst Insights

Lately, analysts have been optimistic about American Outdoor Brands. For instance, Lake Street Capital raised their price target from $14.00 to $20.00 and assigned the company a "buy" rating in their report on January 27.

American Outdoor Brands Stock Performance

As of Tuesday, shares of NASDAQ:AOUT opened at $13.65. The stock has noted a one-year low of $7.45 and a high of $17.91. It has a fifty-day moving average of $15.90, and a 200-day moving average of $12.45. The market capitalization stands at approximately $173.83 million, with a PE ratio of -23.14 and a beta of 0.29.

American Outdoor Brands Company Overview

American Outdoor Brands, Inc. manufactures and sells outdoor products and accessories for outdoor enthusiasts in the United States and globally. It provides products for hunting, fishing, camping, shooting, and personal security and defense. Their offerings also include shooting sports accessories, outdoor lifestyle products like premium sports knives and fishing tools, land management tools, and camping and survival products.

Investment Considerations

Before investing in American Outdoor Brands, it's important to research thoroughly. Although the company has a "buy" rating from some analysts, there are other stocks that might be recommended as better options.

Investment, Stock, Trading