Short Interest in a.k.a. Brands Holding Corp. (NYSE:AKA) Rises By 57.0%

a.k.a. Brands Holding Corp. (NYSE:AKA - Get Free Report) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 39,400 shares, a growth of 57.0% from the April 30th total of 25,100 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 14,000 shares, the days-to-cover ratio is presently 2.8 days.

a.k.a. Brands Stock Up 5.4%

Shares of AKA traded up $0.65 during trading hours on Tuesday, reaching $12.52. The stock had a trading volume of 9,421 shares, compared to its average volume of 10,926. a.k.a. Brands has a 12 month low of $7.00 and a 12 month high of $32.25. The company has a market capitalization of $134.10 million, a price-to-earnings ratio of -4.33 and a beta of 1.42. The firm has a 50-day simple moving average of $10.85 and a 200 day simple moving average of $15.18. The company has a current ratio of 1.58, a quick ratio of 0.51 and a debt-to-equity ratio of 0.77.

a.k.a. Brands (NYSE:AKA - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.78) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.95) by $0.17. a.k.a. Brands had a negative net margin of 5.41% and a negative return on equity of 20.82%. Equities research analysts predict that a.k.a. Brands will post -1.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of a.k.a. Brands by 103.2% during 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 during the period. Rhumbline Advisers raised its position in a.k.a. Brands by 487.3% in the fourth quarter. Rhumbline Advisers now owns 3,900 shares of the company's stock worth $73,000 after acquiring an additional 3,236 shares during the period. Finally, 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 during the last quarter. Institutional investors own 55.35% of the company's stock.

Analysts Set New Price Targets

AKA has been the subject of several recent analyst reports. Jefferies Financial Group set a $17.00 price objective on a.k.a. Brands in a research report on Friday, March 7th. Weiss Ratings restated a "sell (d-)" rating on shares of a.k.a. Brands in a research report on Saturday, May 24th. Finally, Telsey Advisory Group increased their price target on a.k.a. Brands from $9.00 to $10.00 and gave the stock a "market perform" rating in a report on Wednesday, May 14th.

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.