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

American Outdoor Brands, Inc. (NASDAQ:AOUT) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 81,700 shares, a decline of 36.8% from the August 15th total of 129,300 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 52,600 shares, the days-to-cover ratio is presently 1.6 days.

American Outdoor Brands Price Performance

Shares of NASDAQ:AOUT traded up $0.08 on Friday, hitting $9.56. The company had a trading volume of 2,283 shares, compared to its average volume of 37,504. American Outdoor Brands has a 1-year low of $6.97 and a 1-year high of $11.60. The stock has a 50 day moving average price of $9.30 and a 200 day moving average price of $8.86.

American Outdoor Brands (NASDAQ:AOUT) last released its quarterly earnings data on Wednesday, June 28th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.19. American Outdoor Brands had a negative net margin of 5.47% and a positive return on equity of 1.47%. The firm had revenue of $42.20 million for the quarter, compared to the consensus estimate of $38.95 million. Equities analysts expect that American Outdoor Brands will post 0.24 earnings per share for the current year.

Analyst Ratings Changes

Separately, B. Riley restated a “buy” rating and issued a $13.00 price target on shares of American Outdoor Brands in a research note on Friday, September 8th.

Hedge Funds Weigh In On American Outdoor Brands

Several institutional investors and hedge funds have recently modified their holdings of AOUT. Lakewood Asset Management LLC acquired a new position in shares of American Outdoor Brands in the fourth quarter valued at $47,000. Wells Fargo & Company MN grew its stake in shares of American Outdoor Brands by 81.9% in the second quarter. Wells Fargo & Company MN now owns 5,923 shares of the company’s stock valued at $51,000 after acquiring an additional 2,667 shares in the last quarter. UBS Group AG grew its stake in shares of American Outdoor Brands by 56.6% in the fourth quarter. UBS Group AG now owns 9,402 shares of the company’s stock valued at $94,000 after acquiring an additional 3,400 shares in the last quarter. EA Series Trust acquired a new position in shares of American Outdoor Brands in the second quarter valued at about $137,000. Finally, White Pine Capital LLC acquired a new position in shares of American Outdoor Brands in the first quarter valued at about $145,000. 54.91% of the stock is currently owned by institutional investors and hedge funds.

American Outdoor Brands Company Profile

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.