American Outdoor Brands, Inc. (NASDAQ:AOUT) Sees Large Increase in Short Interest

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

Institutional Investors Weigh In On American Outdoor Brands

A number of large investors have recently made changes to their positions in AOUT. Brandes Investment Partners LP increased its stake in shares of American Outdoor Brands by 12.8% in the fourth quarter. Brandes Investment Partners LP now owns 933,450 shares of the company's stock worth $14,226,000 after purchasing an additional 105,951 shares in the last quarter. Royce & Associates LP raised its stake in American Outdoor Brands by 39.8% during the 4th quarter. Royce & Associates LP now owns 567,752 shares of the company's stock valued at $8,653,000 after purchasing an additional 161,751 shares during the period. Renaissance Technologies LLC lifted its holdings in American Outdoor Brands by 22.3% in the 4th quarter. Renaissance Technologies LLC now owns 331,768 shares of the company's stock worth $5,056,000 after purchasing an additional 60,600 shares in the last quarter. Ancora Advisors LLC grew its holdings in American Outdoor Brands by 5.7% during the 4th quarter. Ancora Advisors LLC now owns 158,398 shares of the company's stock valued at $2,414,000 after buying an additional 8,500 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of American Outdoor Brands by 4.6% during the third quarter. Geode Capital Management LLC now owns 138,336 shares of the company's stock valued at $1,276,000 after buying an additional 6,092 shares during the last quarter. 49.87% of the stock is currently owned by institutional investors.

American Outdoor Brands Trading Up 2.6 %

NASDAQ:AOUT traded up $0.30 during trading hours on Monday, reaching $11.86. The company had a trading volume of 6,352 shares, compared to its average volume of 48,933. The firm has a market cap of $150.97 million, a price-to-earnings ratio of -20.09 and a beta of 0.43. The firm's 50 day moving average price is $12.33 and its 200-day moving average price is $13.07. American Outdoor Brands has a 52 week low of $7.79 and a 52 week high of $17.91.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital increased their target price on American Outdoor Brands from $14.00 to $20.00 and gave the company a "buy" rating in a research note 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.