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

Johnson Outdoors Inc. (NASDAQ:JOUTGet Rating) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 184,100 shares, a decline of 9.1% from the August 15th total of 202,600 shares. Currently, 2.2% of the company’s shares are short sold. Based on an average daily volume of 30,800 shares, the short-interest ratio is presently 6.0 days.

Johnson Outdoors Trading Down 1.3 %

JOUT stock opened at $54.80 on Monday. The stock has a market cap of $557.21 million, a PE ratio of 13.37 and a beta of 0.89. Johnson Outdoors has a 12 month low of $54.06 and a 12 month high of $117.99. The company has a 50-day moving average price of $64.58 and a 200 day moving average price of $68.90.

Insider Buying and Selling

In related news, Director John M. Fahey, Jr. sold 1,206 shares of Johnson Outdoors stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $68.83, for a total transaction of $83,008.98. Following the completion of the transaction, the director now directly owns 19,160 shares of the company’s stock, valued at approximately $1,318,782.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 27.69% of the stock is owned by corporate insiders.

Institutional Trading of Johnson Outdoors

A number of large investors have recently modified their holdings of JOUT. Copeland Capital Management LLC increased its holdings in Johnson Outdoors by 79.0% during the 2nd quarter. Copeland Capital Management LLC now owns 494 shares of the company’s stock worth $30,000 after purchasing an additional 218 shares during the period. Quantbot Technologies LP purchased a new position in shares of Johnson Outdoors in the 1st quarter valued at $46,000. Amalgamated Bank purchased a new position in shares of Johnson Outdoors in the 1st quarter valued at $60,000. FinTrust Capital Advisors LLC purchased a new position in Johnson Outdoors during the 1st quarter worth $69,000. Finally, BNP Paribas Arbitrage SA grew its stake in Johnson Outdoors by 17.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,749 shares of the company’s stock worth $168,000 after buying an additional 415 shares during the last quarter. Hedge funds and other institutional investors own 63.91% of the company’s stock.

About Johnson Outdoors

(Get Rating)

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.

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