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 significant drop in short interest in May. As of May 31st, there was short interest totalling 17,100 shares, a drop of 56.6% from the May 15th total of 39,400 shares. Based on an average daily trading volume, of 10,800 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.2% of the shares of the stock are short sold.

a.k.a. Brands Stock Down 3.8%

a.k.a. Brands stock traded down $0.48 during mid-day trading on Friday, hitting $12.09. The company's stock had a trading volume of 8,550 shares, compared to its average volume of 11,027. The firm's 50 day moving average is $10.68 and its 200 day moving average is $14.71. The company has a market cap of $129.53 million, a PE ratio of -4.18 and a beta of 1.72. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 0.51. a.k.a. Brands has a 52-week low of $7.00 and a 52-week high of $32.25.

a.k.a. Brands (NYSE:AKA - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported ($0.78) earnings per share for the quarter, topping the consensus estimate of ($0.95) by $0.17. a.k.a. Brands had a negative return on equity of 20.82% and a negative net margin of 5.41%. On average, analysts anticipate that a.k.a. Brands will post -1.57 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AKA. JPMorgan Chase & Co. lifted its stake 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 valued at $43,000 after purchasing an additional 1,173 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of a.k.a. Brands by 487.3% in the 4th quarter. Rhumbline Advisers now owns 3,900 shares of the company's stock valued at $73,000 after purchasing an additional 3,236 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of a.k.a. Brands by 5.7% during the 4th 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. 55.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AKA has been the subject of several analyst reports. 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. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of a.k.a. Brands in a report on Wednesday. Finally, Jefferies Financial Group set a $17.00 price objective on a.k.a. Brands in a research note on Friday, March 7th.

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.