Short Interest in a.k.a. Brands Holding Corp. (NYSE:AKA) Decreases By 32.6%

Key Points

• Short interest in a.k.a. Brands Holding Corp. (NYSE:AKA) decreased by 32.6%, dropping from 8,600 shares on July 31st to 5,800 shares by August 15th.
• Analysts have varying ratings for a.k.a. Brands, with a consensus price target of $20.00 and one analyst recommending a Buy while another suggests a Sell (d-).
• The company reported an EPS of ($0.34), beating expectations, with revenue of $160.52 million surpassing analyst forecasts of $155.82 million.

a.k.a. Brands Holding Corp. (NYSE:AKA - Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 15th, there was short interest totaling 5,800 shares, adecreaseof32.6% from the July 31st total of 8,600 shares. Based on an average daily volume of 5,500 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 5,500 shares, the days-to-cover ratio is presently 1.1 days.

Analysts Set New Price Targets

AKA has been the subject of several recent analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of a.k.a. Brands in a research note on Saturday, August 30th. Telsey Advisory Group increased their target price on a.k.a. Brands from $10.00 to $13.00 and gave the company a "market perform" rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $20.00.

a.k.a. Brands Stock Performance

a.k.a. Brands stock traded down $0.15 during trading hours on Friday, hitting $10.72. The stock had a trading volume of 2,728 shares, compared to its average volume of 5,289. The company has a 50-day moving average of $11.13 and a two-hundred day moving average of $11.68. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 0.88. The company has a market cap of $116.20 million, a PE ratio of -4.27 and a beta of 1.64. a.k.a. Brands has a fifty-two week low of $7.00 and a fifty-two week high of $32.25.

a.k.a. Brands (NYSE:AKA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.34) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.12. The firm had revenue of $160.52 million during 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%. On average, equities research analysts anticipate that a.k.a. Brands will post -1.57 EPS for the current fiscal year.

Hedge Funds Weigh In On a.k.a. Brands

A hedge fund recently bought a new stake in a.k.a. Brands stock. Bridgeway Capital Management LLC bought a new position in a.k.a. Brands Holding Corp. (NYSE:AKA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,475 shares of the company's stock, valued at approximately $118,000. Bridgeway Capital Management LLC owned approximately 0.11% of a.k.a. Brands at the end of the most recent quarter. 55.35% of the stock is currently owned by institutional investors and hedge funds.

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.

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