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

American Outdoor Brands, Inc. (NASDAQ:AOUT - Get Free Report) saw a large drop in short interest in April. As of April 15th, there was short interest totalling 76,000 shares, a drop of 6.6% from the March 31st total of 81,400 shares. Based on an average daily trading volume, of 29,000 shares, the short-interest ratio is presently 2.6 days. Approximately 0.6% of the shares of the stock are short sold.

American Outdoor Brands Stock Performance

Shares of NASDAQ AOUT traded up $0.49 during trading hours on Monday, reaching $8.38. 34,162 shares of the stock traded hands, compared to its average volume of 32,863. The company's 50-day simple moving average is $8.45 and its two-hundred day simple moving average is $8.54. American Outdoor Brands has a 52-week low of $6.97 and a 52-week high of $10.35.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) last released 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 firm had revenue of $53.43 million for the quarter, compared to the consensus estimate of $51.20 million. On average, sell-side analysts anticipate that American Outdoor Brands will post 0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On American Outdoor Brands

Several hedge funds have recently added to or reduced their stakes in AOUT. Brandes Investment Partners LP purchased a new position in shares of American Outdoor Brands in the third quarter worth $2,101,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in American Outdoor Brands during the third quarter valued at approximately $116,000. Gabelli Funds LLC lifted its stake in shares of American Outdoor Brands by 5.0% in the 3rd quarter. Gabelli Funds LLC now owns 58,735 shares of the company's stock valued at $574,000 after purchasing an additional 2,800 shares during the last quarter. Barclays PLC bought a new stake in shares of American Outdoor Brands in the 3rd quarter valued at approximately $60,000. Finally, Teton Advisors Inc. lifted its stake in shares of American Outdoor Brands by 9.6% in the 3rd quarter. Teton Advisors Inc. now owns 170,638 shares of the company's stock valued at $1,669,000 after purchasing an additional 15,000 shares during the last quarter. 49.87% of the stock is owned by institutional investors.

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.