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

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 target of a large decline in short interest during the month of August. As of August 15th, there was short interest totaling 5,800 shares, a decline of 32.6% from the July 31st total of 8,600 shares. Based on an average daily volume of 5,500 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 5,500 shares, the short-interest ratio is presently 1.1 days.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Telsey Advisory Group upped their price objective on a.k.a. Brands from $10.00 to $13.00 and gave the company a "market perform" rating in a report on Thursday, August 7th. Weiss Ratings reiterated a "sell (d-)" rating on shares of a.k.a. Brands in a report on Saturday, August 30th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $20.00.

a.k.a. Brands Trading Up 0.9%

NYSE AKA traded up $0.10 on Friday, reaching $10.57. The stock had a trading volume of 910 shares, compared to its average volume of 10,409. The firm has a market capitalization of $114.52 million, a price-to-earnings ratio of -4.21 and a beta of 1.64. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 0.88. a.k.a. Brands has a 12-month low of $7.00 and a 12-month high of $32.25. The stock has a fifty day moving average price of $11.09 and a two-hundred day moving average price of $11.53.

a.k.a. Brands (NYSE:AKA - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.34) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.46) by $0.12. The company had revenue of $160.52 million for the quarter, compared to analyst estimates 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%. As a group, sell-side analysts forecast that a.k.a. Brands will post -1.57 EPS for the current fiscal year.

Institutional Trading of a.k.a. Brands

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

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.