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

American Outdoor Brands, Inc. (NASDAQ:AOUT - Get Free Report) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 144,300 shares, a growth of 56.5% from the March 31st total of 92,200 shares. Based on an average daily trading volume, of 64,500 shares, the short-interest ratio is presently 2.2 days. Currently, 1.3% of the company's shares are short sold.

American Outdoor Brands Stock Up 4.8 %

NASDAQ:AOUT traded up $0.53 during midday trading on Friday, reaching $11.56. The stock had a trading volume of 46,355 shares, compared to its average volume of 49,053. The stock has a market cap of $147.22 million, a P/E ratio of -19.59 and a beta of 0.42. American Outdoor Brands has a 12-month low of $7.62 and a 12-month high of $17.91. The firm has a fifty day simple moving average of $12.41 and a two-hundred day simple moving average of $13.01.

Institutional Investors Weigh In On American Outdoor Brands

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in American Outdoor Brands by 33.0% during the third quarter. JPMorgan Chase & Co. now owns 3,135 shares of the company's stock valued at $29,000 after buying an additional 777 shares in the last quarter. Barclays PLC acquired a new position in shares of American Outdoor Brands in the third quarter worth $37,000. Point72 Asia Singapore Pte. Ltd. bought a new position in American Outdoor Brands during the fourth quarter valued at about $77,000. Cubist Systematic Strategies LLC acquired a new position in shares of American Outdoor Brands during the 4th quarter worth about $158,000. Finally, Bank of America Corp DE raised its holdings in American Outdoor Brands by 1,469.5% in the 4th quarter. Bank of America Corp DE now owns 10,390 shares of the company's stock valued at $158,000 after acquiring an additional 9,728 shares in the last quarter. 49.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital lifted their price target on shares of American Outdoor Brands from $14.00 to $20.00 and gave the company a "buy" rating in a research report on Monday, January 27th.

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.