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

a.k.a. Brands Holding Corp. (NYSE:AKA) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 49,400 shares, a growth of 1,603.4% from the September 30th total of 2,900 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 21,300 shares, the short-interest ratio is presently 2.3 days. Based on an average trading volume of 21,300 shares, the short-interest ratio is presently 2.3 days. Approximately 0.6% of the company’s shares are sold short.

a.k.a. Brands Trading Down 4.8%

NYSE:AKA opened at $13.81 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.32 and a quick ratio of 0.54. The business’s 50-day simple moving average is $11.06 and its 200-day simple moving average is $10.96. a.k.a. Brands has a fifty-two week low of $7.00 and a fifty-two week high of $26.79. The stock has a market capitalization of $149.70 million, a PE ratio of -5.50 and a beta of 1.60.

a.k.a. Brands (NYSE:AKA) last announced its earnings results on Wednesday, August 6th. The company reported ($0.34) EPS for the quarter, topping the consensus estimate of ($0.46) by $0.12. The firm had revenue of $160.52 million for the quarter, compared to the consensus estimate of $155.82 million. a.k.a. Brands had a negative net margin of 4.48% and a negative return on equity of 21.06%. Sell-side analysts expect that a.k.a. Brands will post -1.57 earnings per share for the current fiscal year.

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 acquired a new position in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 at the end of the most recent reporting period. Institutional investors own 55.35% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on AKA shares. Telsey Advisory Group raised their price target on a.k.a. Brands from $10.00 to $13.00 and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Weiss Ratings restated a “sell (d-)” rating on shares of a.k.a. Brands in a report on Wednesday, October 8th. Finally, Zacks Research upgraded a.k.a. Brands from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.00.

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.