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

American Outdoor Brands, Inc. (NASDAQ:AOUT - Get Free Report) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 81,400 shares, a decline of 29.5% from the March 15th total of 115,400 shares. Based on an average daily volume of 33,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 0.7% of the shares of the company are short sold.

Institutional Trading of American Outdoor Brands

Hedge funds and other institutional investors have recently bought and sold shares of the company. Polar Asset Management Partners Inc. bought a new position in shares of American Outdoor Brands in the first quarter worth $6,135,000. Engine Capital Management LP purchased a new position in American Outdoor Brands during the first quarter worth about $4,539,000. Confluence Investment Management LLC bought a new position in American Outdoor Brands in the 1st quarter worth about $2,314,000. Brandes Investment Partners LP purchased a new stake in shares of American Outdoor Brands in the 3rd quarter valued at about $2,101,000. Finally, Millennium Management LLC purchased a new stake in shares of American Outdoor Brands in the 2nd quarter valued at about $1,470,000. Institutional investors own 49.87% of the company's stock.

American Outdoor Brands Stock Down 4.7 %

AOUT traded down $0.41 during trading on Friday, reaching $8.24. 50,960 shares of the company were exchanged, compared to its average volume of 33,078. American Outdoor Brands has a 12-month low of $6.97 and a 12-month high of $10.35. The company's 50-day moving average is $8.54 and its two-hundred day moving average is $8.64. The company has a market cap of $105.14 million, a price-to-earnings ratio of -10.05 and a beta of 0.30.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). American Outdoor Brands had a negative net margin of 5.47% and a positive return on equity of 0.78%. The company had revenue of $53.43 million for the quarter, compared to the consensus estimate of $51.20 million. Equities analysts forecast that American Outdoor Brands will post 0.1 earnings per share for the current year.

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.