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

a.k.a. Brands Holding Corp. (NYSE:AKA - Get Free Report) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totalling 24,000 shares, a drop of 43.5% from the March 31st total of 42,500 shares. Based on an average trading volume of 12,500 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.3% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of a.k.a. Brands in a research note on Thursday, April 24th. Telsey Advisory Group reduced their target price on a.k.a. Brands from $22.00 to $18.00 and set a "market perform" rating on the stock in a report on Friday, March 7th. Finally, Jefferies Financial Group set a $17.00 price target on shares of a.k.a. Brands in a research report on Friday, March 7th.

a.k.a. Brands Trading Down 2.7 %

NYSE AKA traded down $0.21 during trading on Friday, hitting $7.40. The stock had a trading volume of 1,908 shares, compared to its average volume of 12,431. The stock has a 50 day simple moving average of $11.92 and a 200 day simple moving average of $17.19. a.k.a. Brands has a one year low of $7.08 and a one year high of $33.73. 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 stock has a market capitalization of $79.07 million, a price-to-earnings ratio of -2.56 and a beta of 1.35.

a.k.a. Brands (NYSE:AKA - Get Free Report) last released 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 business had revenue of $159.02 million during the quarter, compared to analysts' expectations of $158.98 million. Sell-side analysts predict that a.k.a. Brands will post -1.57 earnings per share for the current year.

Institutional Inflows and Outflows

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

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.