Short Interest in a.k.a. Brands Holding Corp. (NYSE:AKA) Grows By 61.6%

a.k.a. Brands Holding Corp. (NYSE:AKA) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 10,353 shares, a growth of 61.6% from the November 30th total of 6,407 shares. Based on an average daily trading volume, of 15,066 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 15,066 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

AKA has been the topic of a number of analyst reports. Telsey Advisory Group restated a “market perform” rating and issued a $13.00 price objective on shares of a.k.a. Brands in a research report on Thursday, November 6th. Lake Street Capital reiterated a “buy” rating and issued a $25.00 price objective on shares of a.k.a. Brands in a research report on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of a.k.a. Brands in a research report on Wednesday, October 8th. Finally, Zacks Research lowered shares of a.k.a. Brands from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $18.33.

Institutional Trading of a.k.a. Brands

A hedge fund recently bought a new stake in a.k.a. Brands stock. Bridgeway Capital Management LLC purchased a new stake in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 11,475 shares of the company’s stock, valued at approximately $118,000. Bridgeway Capital Management LLC owned about 0.11% of a.k.a. Brands as of its most recent SEC filing. Institutional investors own 55.35% of the company’s stock.

a.k.a. Brands Stock Down 0.6%

Shares of AKA traded down $0.06 during trading hours on Tuesday, hitting $11.02. The company had a trading volume of 1,378 shares, compared to its average volume of 14,370. The stock has a market capitalization of $118.34 million, a price-to-earnings ratio of -4.48 and a beta of 1.62. The firm has a fifty day moving average price of $12.37 and a 200-day moving average price of $11.49. a.k.a. Brands has a 52-week low of $7.00 and a 52-week high of $19.90. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.45 and a current ratio of 1.35.

a.k.a. Brands (NYSE:AKA) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.02). The firm had revenue of $147.08 million for the quarter, compared to the consensus estimate of $154.87 million. a.k.a. Brands had a negative net margin of 4.42% and a negative return on equity of 23.20%. On average, equities research analysts forecast that a.k.a. Brands will post -1.57 EPS for the current fiscal year.

a.k.a. Brands Company Profile

a.k.a. Brands Holding Corp. operates a portfolio of online fashion brands in the United States, Australia, and internationally. The company offers streetwear apparel, dresses, tops, bottoms, shoes, headwear, and accessories through its online stores under the Princess Polly, Petal & Pup, Culture Kings, and mnml brands. It also operates physical stores under the Culture Kings brand. The company was founded in 2018 and is headquartered in San Francisco, California.