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

Key Points

• a.k.a. Brands Holding Corp. saw a 38.3% drop in short interest, falling to 2,900 shares as of September 30th, compared to 4,700 shares on September 15th.
• Analysts have set a new average target price of $20.00, with varying ratings including one Strong Buy and one Sell rating issued recently.
• In trading, a.k.a. Brands shares decreased by 3.1%, reaching $13.81, while the company reported a quarterly loss of ($0.34) EPS, exceeding analyst expectations.

a.k.a. Brands Holding Corp. (NYSE:AKA - Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,900 shares, a drop of 38.3% from the September 15th total of 4,700 shares. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is currently 0.8 days.

Analysts Set New Price Targets

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

a.k.a. Brands Trading Down 3.1%

Shares of a.k.a. Brands stock traded down $0.44 during trading hours on Wednesday, reaching $13.81. 12,167 shares of the company's stock were exchanged, compared to its average volume of 14,924. a.k.a. Brands has a 52-week low of $7.00 and a 52-week high of $26.79. The company has a fifty day moving average of $10.82 and a 200-day moving average of $10.93. The firm has a market capitalization of $149.65 million, a price-to-earnings ratio of -5.50 and a beta of 1.60. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 0.88.

a.k.a. Brands (NYSE:AKA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.34) EPS for the quarter, topping analysts' consensus estimates of ($0.46) by $0.12. The company had revenue of $160.52 million for the quarter, compared to analysts' expectations of $155.82 million. a.k.a. Brands had a negative return on equity of 21.06% and a negative net margin of 4.48%. Sell-side analysts forecast that a.k.a. Brands will post -1.57 EPS for the current fiscal year.

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 purchased a new stake in a.k.a. Brands Holding Corp. (NYSE:AKA - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,475 shares of the company's stock, valued at approximately $118,000. Bridgeway Capital Management LLC owned about 0.11% of a.k.a. Brands as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 55.35% of the company's stock.

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.

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