Short Interest in a.k.a. Brands Holding Corp. (NYSE:AKA) Grows By 6.2%

a.k.a. Brands Holding Corp. (NYSE:AKA) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 55,200 shares, a growth of 6.2% from the September 30th total of 52,000 shares. Based on an average daily trading volume, of 9,000 shares, the short-interest ratio is currently 6.1 days.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AKA shares. Truist Financial dropped their price objective on a.k.a. Brands from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Telsey Advisory Group increased their price target on a.k.a. Brands from $20.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday.

Institutional Inflows and Outflows

An institutional investor recently raised its position in a.k.a. Brands stock. Renaissance Technologies LLC lifted its stake in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) by 11.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,369 shares of the company’s stock after buying an additional 3,100 shares during the period. Renaissance Technologies LLC owned about 0.29% of a.k.a. Brands worth $463,000 at the end of the most recent quarter. 55.35% of the stock is currently owned by institutional investors.

a.k.a. Brands Stock Up 3.1 %

Shares of NYSE AKA traded up $0.71 during trading on Friday, hitting $23.70. 6,007 shares of the company traded hands, compared to its average volume of 8,541. The firm has a market capitalization of $250.04 million, a price-to-earnings ratio of -2.63 and a beta of 1.41. The business’s fifty day moving average is $23.56 and its 200 day moving average is $19.28. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.48 and a current ratio of 1.55. a.k.a. Brands has a fifty-two week low of $6.01 and a fifty-two week high of $33.73.

a.k.a. Brands (NYSE:AKA) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.08. The business had revenue of $148.93 million for the quarter, compared to the consensus estimate of $134.86 million. a.k.a. Brands had a negative return on equity of 18.76% and a negative net margin of 17.19%. During the same period in the prior year, the business earned ($0.48) EPS. Equities research analysts predict that a.k.a. Brands will post -1.11 earnings per share for the current fiscal 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.