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

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

Institutional Trading of American Outdoor Brands

Several hedge funds have recently added to or reduced their stakes in AOUT. Polar Asset Management Partners Inc. acquired a new stake in American Outdoor Brands in the first quarter valued at approximately $6,135,000. Engine Capital Management LP acquired a new stake in American Outdoor Brands in the first quarter valued at approximately $4,539,000. Fuller & Thaler Asset Management Inc. raised its holdings in American Outdoor Brands by 2,075.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 235,190 shares of the company’s stock valued at $2,357,000 after acquiring an additional 224,380 shares in the last quarter. Millennium Management LLC acquired a new stake in American Outdoor Brands in the second quarter valued at approximately $1,470,000. Finally, Vanguard Group Inc. increased its stake in American Outdoor Brands by 15.8% in the third quarter. Vanguard Group Inc. now owns 705,356 shares of the company’s stock valued at $6,186,000 after purchasing an additional 96,485 shares during the last quarter. Institutional investors and hedge funds own 67.59% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AOUT. Cowen increased their price target on shares of American Outdoor Brands from $11.00 to $12.00 in a research report on Friday, December 2nd. Cowen increased their price target on shares of American Outdoor Brands from $11.00 to $12.00 in a research report on Friday, December 2nd. Finally, B. Riley increased their price target on shares of American Outdoor Brands from $12.00 to $13.00 in a research report on Friday.

American Outdoor Brands Stock Down 3.9 %

Shares of NASDAQ:AOUT opened at $9.86 on Monday. The firm’s 50 day moving average price is $10.32 and its 200 day moving average price is $9.53. The stock has a market cap of $131.43 million, a price-to-earnings ratio of -1.56 and a beta of 0.19. American Outdoor Brands has a fifty-two week low of $7.10 and a fifty-two week high of $14.99. The company has a quick ratio of 2.61, a current ratio of 7.34 and a debt-to-equity ratio of 0.10.

About American Outdoor Brands

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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.