American Outdoor Brands, Inc. (NASDAQ:AOUT) Short Interest Down 17.7% in November

American Outdoor Brands, Inc. (NASDAQ:AOUT) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 39,400 shares, a drop of 17.7% from the November 15th total of 47,900 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 53,300 shares, the days-to-cover ratio is presently 0.7 days.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Lake Street Capital upped their price target on shares of American Outdoor Brands from $11.50 to $14.00 and gave the company a “buy” rating in a report on Friday, December 6th. Roth Mkm upped their price objective on American Outdoor Brands from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Monday, September 16th.

American Outdoor Brands Stock Down 1.1 %

AOUT stock opened at $15.07 on Friday. American Outdoor Brands has a 52-week low of $7.38 and a 52-week high of $15.38. The firm has a market cap of $192.35 million, a P/E ratio of -25.54 and a beta of 0.44. The company’s 50-day simple moving average is $9.97 and its 200-day simple moving average is $9.18.

Institutional Trading of American Outdoor Brands

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC acquired a new position in shares of American Outdoor Brands during the 3rd quarter worth about $37,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of American Outdoor Brands during the third quarter valued at approximately $114,000. Sanctuary Advisors LLC purchased a new position in shares of American Outdoor Brands in the second quarter valued at approximately $259,000. State Street Corp boosted its stake in shares of American Outdoor Brands by 3.9% in the third quarter. State Street Corp now owns 45,786 shares of the company’s stock worth $422,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of American Outdoor Brands by 4.6% during the third quarter. Geode Capital Management LLC now owns 138,336 shares of the company’s stock worth $1,276,000 after purchasing an additional 6,092 shares in the last quarter. 49.87% of the stock is currently owned by hedge funds and other institutional investors.

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.