a.k.a. Brands Holding Corp. (NYSE:AKA) Short Interest Down 10.3% in March

a.k.a. Brands Holding Corp. (NYSE:AKA) was the target of a large decrease in short interest during 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. Based on an average trading volume of 7,300 shares, the short-interest ratio is currently 10.6 days. Currently, 8.2% of the company’s stock are short sold.

a.k.a. Brands Stock Performance

Shares of NYSE:AKA opened at $11.92 on Wednesday. The business has a 50 day moving average price of $10.52 and a 200 day moving average price of $9.05. a.k.a. Brands has a twelve month low of $3.60 and a twelve month high of $14.28. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.52 and a current ratio of 1.58.

a.k.a. Brands (NYSE:AKA) last announced its earnings results on Thursday, March 7th. The company reported ($1.31) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $148.91 million for the quarter, compared to the consensus estimate of $154.41 million. As a group, equities analysts predict that a.k.a. Brands will post -1.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Telsey Advisory Group reissued a “market perform” rating and set a $11.00 price objective (up previously from $8.00) on shares of a.k.a. Brands in a report on Monday, March 4th. Truist Financial reissued a “hold” rating and set a $10.00 price objective (down previously from $12.00) on shares of a.k.a. Brands in a report on Friday, March 8th.

Institutional Trading of a.k.a. Brands

Hedge funds have recently added to or reduced their stakes in the business. Shay Capital LLC bought a new stake in shares of a.k.a. Brands in the 4th quarter worth approximately $27,000. Jane Street Group LLC bought a new stake in shares of a.k.a. Brands in the 3rd quarter worth approximately $28,000. Bank of New York Mellon Corp lifted its position in shares of a.k.a. Brands by 24.2% in the 1st quarter. Bank of New York Mellon Corp now owns 23,254 shares of the company’s stock worth $103,000 after acquiring an additional 4,538 shares during the period. PDT Partners LLC bought a new stake in shares of a.k.a. Brands in the 1st quarter worth approximately $119,000. Finally, Renaissance Technologies LLC lifted its position in shares of a.k.a. Brands by 24.1% in the 3rd quarter. Renaissance Technologies LLC now owns 85,100 shares of the company’s stock worth $123,000 after acquiring an additional 16,500 shares during the period. Institutional investors own 55.35% of the company’s stock.

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.