a.k.a. Brands Holding Corp. (NYSE:AKA) Short Interest Update

a.k.a. Brands Holding Corp. (NYSE:AKA) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 11,091 shares, an increase of 15.0% from the March 31st total of 9,642 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,262 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Trading of a.k.a. Brands

An institutional investor recently bought a new position in a.k.a. Brands stock. Bridgeway Capital Management LLC bought a new stake in a.k.a. Brands Holding Corp. (NYSE:AKA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,475 shares of the company’s stock, valued at approximately $118,000. Bridgeway Capital Management LLC owned 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 Performance

Shares of a.k.a. Brands stock opened at $10.75 on Friday. The company has a quick ratio of 0.41, a current ratio of 1.23 and a debt-to-equity ratio of 1.07. a.k.a. Brands has a twelve month low of $7.00 and a twelve month high of $16.38. The stock has a market cap of $116.32 million, a price-to-earnings ratio of -3.67 and a beta of 1.50. The company’s fifty day moving average is $10.20 and its 200 day moving average is $11.36.

a.k.a. Brands (NYSE:AKA) last issued its quarterly earnings data on Thursday, March 5th. The company reported ($0.80) earnings per share for the quarter, topping the consensus estimate of ($0.85) by $0.05. a.k.a. Brands had a negative net margin of 5.24% and a negative return on equity of 23.52%. The company had revenue of $163.95 million for the quarter, compared to analysts’ expectations of $164.45 million. Sell-side analysts forecast that a.k.a. Brands will post -1.4 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of a.k.a. Brands in a research note on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, a.k.a. Brands currently has an average rating of “Hold” and a consensus price target of $19.00.

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.