a.k.a. Brands Holding Corp. (NYSE:AKA) Sees Significant Growth in Short Interest

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

a.k.a. Brands Stock Performance

NYSE AKA traded down $0.22 on Monday, hitting $11.15. The stock had a trading volume of 1,991 shares, compared to its average volume of 10,017. The company’s 50-day moving average is $12.37 and its two-hundred day moving average is $11.49. a.k.a. Brands has a one year low of $7.00 and a one year high of $19.90. The stock has a market cap of $119.75 million, a price-to-earnings ratio of -4.53 and a beta of 1.62. The company has a quick ratio of 0.45, a current ratio of 1.35 and a debt-to-equity ratio of 0.94.

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

Institutional Investors Weigh In On a.k.a. Brands

An institutional investor recently bought a new position in a.k.a. Brands stock. Bridgeway Capital Management LLC acquired a new position in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,475 shares of the company’s stock, valued at approximately $118,000. Bridgeway Capital Management LLC owned approximately 0.11% of a.k.a. Brands as of its most recent SEC filing. 55.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on AKA. Zacks Research downgraded shares of a.k.a. Brands from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of a.k.a. Brands in a report on Wednesday, October 8th. Telsey Advisory Group restated a “market perform” rating and issued a $13.00 target price on shares of a.k.a. Brands in a research note on Thursday, November 6th. Finally, Lake Street Capital reiterated a “buy” rating and set a $25.00 price target on shares of a.k.a. Brands in a research report on Thursday, November 6th. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.33.

About a.k.a. Brands

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.