a.k.a. Brands Holding Corp. (NYSE:AKA) Short Interest Down 15.5% in March

a.k.a. Brands Holding Corp. (NYSE:AKA) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 42,500 shares, a decline of 15.5% from the March 15th total of 50,300 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 14,400 shares, the days-to-cover ratio is presently 3.0 days.

Institutional Trading of a.k.a. Brands

A number of hedge funds have recently added to or reduced their stakes in AKA. JPMorgan Chase & Co. raised its position in shares of a.k.a. Brands by 103.2% in the fourth quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company’s stock worth $43,000 after acquiring an additional 1,173 shares during the period. Rhumbline Advisers increased 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 in the last quarter. Finally, Geode Capital Management LLC raised its holdings in a.k.a. Brands by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 14,739 shares of the company’s stock worth $276,000 after purchasing an additional 792 shares during the period. 55.35% of the stock is owned by hedge funds and other institutional investors.

a.k.a. Brands Stock Performance

Shares of AKA stock opened at $8.43 on Monday. The stock has a market cap of $90.13 million, a PE ratio of -2.92 and a beta of 1.35. a.k.a. Brands has a 52-week low of $8.29 and a 52-week high of $33.73. The business has a 50-day simple moving average of $13.56 and a 200-day simple moving average of $18.01. The company has a quick ratio of 0.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.77.

a.k.a. Brands (NYSE:AKA) last announced its quarterly earnings results on Thursday, March 6th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.74). The company had revenue of $159.02 million during the quarter, compared to analyst estimates of $158.98 million. a.k.a. Brands had a negative net margin of 5.41% and a negative return on equity of 20.82%. On average, equities analysts expect that a.k.a. Brands will post -1.57 EPS for the current year.

Analysts Set New Price Targets

AKA has been the topic of a number of research reports. Telsey Advisory Group cut their price objective on a.k.a. Brands from $22.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, March 7th. Jefferies Financial Group set a $17.00 price target on shares of a.k.a. Brands in a report on Friday, March 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of a.k.a. Brands in a research note on Tuesday, April 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.