Short Interest in a.k.a. Brands Holding Corp. (NYSE:AKA) Increases By 79.6%

a.k.a. Brands Holding Corp. (NYSE:AKA) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 13,798 shares, a growth of 79.6% from the June 15th total of 7,683 shares. Based on an average daily trading volume, of 5,555 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Trading of a.k.a. Brands

An institutional investor recently bought a new position in a.k.a. Brands stock. 683 Capital Management LLC bought a new stake in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 36,417 shares of the company’s stock, valued at approximately $390,000. 683 Capital Management LLC owned 0.34% of a.k.a. Brands at the end of the most recent quarter. Institutional investors and hedge funds own 55.35% of the company’s stock.

a.k.a. Brands Trading Up 2.9%

NYSE:AKA traded up $0.31 during trading hours on Friday, hitting $11.08. 3,843 shares of the stock were exchanged, compared to its average volume of 3,127. The company’s 50 day moving average is $10.10 and its two-hundred day moving average is $10.48. a.k.a. Brands has a twelve month low of $8.42 and a twelve month high of $16.38. The company has a quick ratio of 0.55, a current ratio of 1.19 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $119.89 million, a P/E ratio of -3.94 and a beta of 1.41.

a.k.a. Brands (NYSE:AKA) last released its earnings results on Tuesday, May 12th. The company reported ($0.66) EPS for the quarter, beating the consensus estimate of ($0.98) by $0.32. The company had revenue of $132.46 million during the quarter, compared to analysts’ expectations of $131.17 million. a.k.a. Brands had a negative return on equity of 23.32% and a negative net margin of 5.00%. On average, sell-side analysts anticipate that a.k.a. Brands will post -1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of a.k.a. Brands in a report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, a.k.a. Brands has an average rating of “Hold” and an average 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.