Short Interest in a.k.a. Brands Holding Corp. (NYSE:AKA) Decreases By 43.5%

a.k.a. Brands Holding Corp. (NYSE:AKA - Get Free Report) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 24,000 shares, a decrease of 43.5% from the March 31st total of 42,500 shares. Based on an average daily volume of 12,500 shares, the short-interest ratio is presently 1.9 days. Approximately 0.3% of the company's shares are short sold.

Analyst Upgrades and Downgrades

Several research firms recently commented on AKA. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of a.k.a. Brands in a research note on Thursday, April 24th. Telsey Advisory Group lowered their price target on a.k.a. Brands from $22.00 to $18.00 and set a "market perform" rating for the company in a report on Friday, March 7th. Finally, Jefferies Financial Group set a $17.00 price objective on a.k.a. Brands in a report on Friday, March 7th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in a.k.a. Brands by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 14,739 shares of the company's stock valued at $276,000 after acquiring an additional 792 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of a.k.a. Brands by 103.2% in the 4th quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company's stock worth $43,000 after purchasing an additional 1,173 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in a.k.a. Brands by 487.3% during the 4th quarter. Rhumbline Advisers now owns 3,900 shares of the company's stock worth $73,000 after buying an additional 3,236 shares during the last quarter. Hedge funds and other institutional investors own 55.35% of the company's stock.

a.k.a. Brands Stock Down 3.7 %

a.k.a. Brands stock traded down $0.29 during mid-day trading on Friday, reaching $7.32. 5,123 shares of the company were exchanged, compared to its average volume of 10,289. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.51 and a current ratio of 1.58. The firm has a market cap of $78.22 million, a P/E ratio of -2.53 and a beta of 1.35. The business has a fifty day moving average of $11.77 and a 200 day moving average of $16.96. a.k.a. Brands has a 12-month low of $7.08 and a 12-month high of $33.73.

a.k.a. Brands (NYSE:AKA - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported ($0.88) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.74). a.k.a. Brands had a negative return on equity of 20.82% and a negative net margin of 5.41%. The company had revenue of $159.02 million for the quarter, compared to analysts' expectations of $158.98 million. Research analysts anticipate that a.k.a. Brands will post -1.57 earnings per share for the current fiscal year.

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.