a.k.a. Brands Holding Corp. (NYSE:AKA) Short Interest Update

a.k.a. Brands Holding Corp. (NYSE:AKA - Get Free Report) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 77,600 shares, a decrease of 10.3% from the March 15th total of 86,500 shares. Approximately 8.2% of the company's stock are sold short. Based on an average daily volume of 7,300 shares, the days-to-cover ratio is currently 10.6 days.

Institutional Trading of a.k.a. Brands

Several hedge funds have recently modified their holdings of the company. State Street Corp boosted its holdings in a.k.a. Brands by 31.0% during the first quarter. State Street Corp now owns 113,368 shares of the company's stock worth $501,000 after purchasing an additional 26,815 shares during the last quarter. Shellback Capital LP raised its holdings in a.k.a. Brands by 82.7% in the 1st quarter. Shellback Capital LP now owns 112,900 shares of the company's stock valued at $499,000 after buying an additional 51,100 shares during the last quarter. Geode Capital Management LLC raised its holdings in a.k.a. Brands by 10.6% in the 4th quarter. Geode Capital Management LLC now owns 165,793 shares of the company's stock valued at $210,000 after buying an additional 15,899 shares during the last quarter. Northern Trust Corp raised its holdings in a.k.a. Brands by 9.7% during the 2nd quarter. Northern Trust Corp now owns 70,621 shares of the company's stock worth $195,000 after purchasing an additional 6,273 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in a.k.a. Brands by 361.5% during the 2nd quarter. Renaissance Technologies LLC now owns 444,000 shares of the company's stock worth $191,000 after purchasing an additional 347,800 shares during the last quarter. Institutional investors and hedge funds own 55.35% of the company's stock.

a.k.a. Brands Stock Performance

Shares of NYSE:AKA traded up $0.61 during trading on Monday, hitting $12.37. 8,320 shares of the company traded hands, compared to its average volume of 7,500. The company has a quick ratio of 0.52, a current ratio of 1.58 and a debt-to-equity ratio of 0.61. The business's fifty day moving average is $10.48 and its 200-day moving average is $8.97. The stock has a market capitalization of $129.89 million, a price-to-earnings ratio of -1.34 and a beta of 1.66. a.k.a. Brands has a one year low of $3.60 and a one year high of $14.28.

a.k.a. Brands (NYSE:AKA - Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($1.31) EPS for the quarter, missing analysts' consensus estimates of ($0.46) by ($0.85). a.k.a. Brands had a negative net margin of 18.10% and a negative return on equity of 15.31%. The company had revenue of $148.91 million for the quarter, compared to analyst estimates of $154.41 million. As a group, equities analysts predict that a.k.a. Brands will post -1.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AKA. Telsey Advisory Group restated a "market perform" rating and set a $11.00 price target (up previously from $8.00) on shares of a.k.a. Brands in a research note on Monday, March 4th. Truist Financial reissued a "hold" rating and issued a $10.00 price target (down from $12.00) on shares of a.k.a. Brands in a report on Friday, March 8th.

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.