American Outdoor Brands, Inc. (NASDAQ:AOUT) Short Interest Down 44.2% in February

American Outdoor Brands, Inc. (NASDAQ:AOUT – Get Rating) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 128,700 shares, a drop of 44.2% from the February 13th total of 230,500 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 48,800 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Lakewood Asset Management LLC acquired a new position in shares of American Outdoor Brands during the 4th quarter worth $47,000. UBS Group AG raised its stake in shares of American Outdoor Brands by 56.6% during the 4th quarter. UBS Group AG now owns 9,402 shares of the company’s stock worth $94,000 after buying an additional 3,400 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of American Outdoor Brands during the 2nd quarter worth $155,000. Engineers Gate Manager LP acquired a new position in shares of American Outdoor Brands during the 1st quarter worth $157,000. Finally, HighTower Advisors LLC raised its stake in shares of American Outdoor Brands by 23.6% during the 1st quarter. HighTower Advisors LLC now owns 12,472 shares of the company’s stock worth $163,000 after buying an additional 2,384 shares during the last quarter. Institutional investors and hedge funds own 67.59% of the company’s stock.

American Outdoor Brands Price Performance

American Outdoor Brands stock opened at $9.86 on Monday. American Outdoor Brands has a one year low of $7.10 and a one year high of $14.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.61 and a current ratio of 7.34. The business has a fifty day moving average of $10.32 and a two-hundred day moving average of $9.53. The company has a market cap of $131.43 million, a P/E ratio of -1.56 and a beta of 0.19.

Wall Street Analyst Weigh In

A number of research firms have commented on AOUT. Cowen raised their target price on American Outdoor Brands from $11.00 to $12.00 in a report on Friday, December 2nd. Cowen raised their target price on American Outdoor Brands from $11.00 to $12.00 in a report on Friday, December 2nd. Finally, B. Riley raised their target price on American Outdoor Brands from $12.00 to $13.00 in a report on Friday.

American Outdoor Brands Company Profile

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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.