a.k.a. Brands Holding Corp. (NYSE:AKA) Short Interest Down 10.3% in March

a.k.a. Brands Holding Corp. (NYSE:AKA) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 77,600 shares, a drop of 10.3% from the March 15th total of 86,500 shares. Based on an average daily volume of 7,300 shares, the days-to-cover ratio is currently 10.6 days. Approximately 8.2% of the company’s stock are short sold.

Analysts Set New Price Targets

AKA has been the topic of several recent research reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $11.00 price target (up from $8.00) on shares of a.k.a. Brands in a research note on Monday, March 4th. Truist Financial reaffirmed a “hold” rating and issued a $10.00 target price (down previously from $12.00) on shares of a.k.a. Brands in a research report on Friday, March 8th.

a.k.a. Brands Stock Down 2.8 %

AKA opened at $11.76 on Monday. The company has a current ratio of 1.58, a quick ratio of 0.52 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $10.43 and its 200 day simple moving average is $8.93. a.k.a. Brands has a 1-year low of $3.60 and a 1-year high of $14.28. The stock has a market cap of $123.48 million, a PE ratio of -1.28 and a beta of 1.66.

a.k.a. Brands (NYSE:AKA) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($1.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.85). a.k.a. Brands had a negative net margin of 18.10% and a negative return on equity of 15.31%. The company had revenue of $148.91 million during the quarter, compared to analyst estimates of $154.41 million. As a group, research analysts expect that a.k.a. Brands will post -1.11 earnings per share for the current year.

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

Institutional investors have recently modified their holdings of the business. Shay Capital LLC acquired a new position in shares of a.k.a. Brands during the 4th quarter worth approximately $27,000. Jane Street Group LLC acquired a new stake in a.k.a. Brands in the third quarter valued at about $28,000. Bank of New York Mellon Corp increased its position in a.k.a. Brands by 24.2% during the 1st quarter. Bank of New York Mellon Corp now owns 23,254 shares of the company’s stock worth $103,000 after purchasing an additional 4,538 shares in the last quarter. PDT Partners LLC acquired a new position in shares of a.k.a. Brands during the first quarter worth $119,000. Finally, Renaissance Technologies LLC grew its position in a.k.a. Brands by 24.1% during the 3rd quarter. Renaissance Technologies LLC now owns 85,100 shares of the company’s stock worth $123,000 after acquiring an additional 16,500 shares during the last quarter. Institutional investors own 55.35% of the company’s stock.

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.