a.k.a. Brands Holding Corp. (NYSE:AKA) Short Interest Down 56.6% in May

a.k.a. Brands Holding Corp. (NYSE:AKA - Get Free Report) was the target of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 17,100 shares, a decline of 56.6% from the May 15th total of 39,400 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 10,800 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On a.k.a. Brands

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position 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 valued at $43,000 after purchasing an additional 1,173 shares in the last quarter. Rhumbline Advisers boosted its holdings in 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 buying an additional 3,236 shares in the last quarter. Finally, Geode Capital Management LLC grew its position 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 worth $276,000 after buying an additional 792 shares during the last quarter. 55.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AKA has been the topic of a number of research reports. Jefferies Financial Group set a $17.00 target price on shares of a.k.a. Brands in a report on Friday, March 7th. Telsey Advisory Group upped their target price on a.k.a. Brands from $9.00 to $10.00 and gave the company a "market perform" rating in a report on Wednesday, May 14th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of a.k.a. Brands in a research report on Wednesday, June 11th.

a.k.a. Brands Stock Performance

Shares of AKA traded down $0.92 during trading hours on Tuesday, reaching $11.20. 11,813 shares of the company's stock traded hands, compared to its average volume of 11,014. a.k.a. Brands has a twelve month low of $7.00 and a twelve month high of $32.25. The business's fifty day simple moving average is $10.68 and its two-hundred day simple moving average is $14.64. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 0.51. The firm has a market capitalization of $120.01 million, a price-to-earnings ratio of -3.88 and a beta of 1.72.

a.k.a. Brands (NYSE:AKA - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.78) earnings per share 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%. Analysts predict that a.k.a. Brands will post -1.57 earnings per share for the current 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.