a.k.a. Brands Holding Corp. (NYSE:AKA) Short Interest Down 10.3% 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 77,600 shares, a decline of 10.3% from the March 15th total of 86,500 shares. Approximately 8.2% of the company’s shares are sold short. Based on an average daily volume of 7,300 shares, the short-interest ratio is presently 10.6 days.

Institutional Trading of a.k.a. Brands

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in a.k.a. Brands in the 3rd quarter valued at approximately $28,000. Shay Capital LLC bought a new position in a.k.a. Brands in the 4th quarter valued at approximately $27,000. Bank of New York Mellon Corp lifted its position in 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 valued at $103,000 after acquiring an additional 4,538 shares in the last quarter. PDT Partners LLC bought a new position in a.k.a. Brands in the 1st quarter valued at approximately $119,000. Finally, JPMorgan Chase & Co. lifted its position in a.k.a. Brands by 1,039.7% in the 1st quarter. JPMorgan Chase & Co. now owns 41,474 shares of the company’s stock valued at $184,000 after acquiring an additional 37,835 shares in the last quarter. Hedge funds and other institutional investors own 55.35% of the company’s stock.

Analyst Ratings Changes

AKA has been the topic of a number of research analyst reports. Truist Financial reiterated a “hold” rating and set a $10.00 target price (down previously from $12.00) on shares of a.k.a. Brands in a report on Friday, March 8th. Telsey Advisory Group reiterated a “market perform” rating and set a $11.00 target price (up previously from $8.00) on shares of a.k.a. Brands in a report on Monday, March 4th.

a.k.a. Brands Stock Performance

Shares of AKA stock traded up $0.76 during midday trading on Wednesday, reaching $12.50. 9,946 shares of the stock were exchanged, compared to its average volume of 5,164. a.k.a. Brands has a 1 year low of $3.60 and a 1 year high of $14.28. The company’s 50 day moving average is $10.52 and its two-hundred day moving average is $9.05. The company has a quick ratio of 0.52, a current ratio of 1.58 and a debt-to-equity ratio of 0.61.

a.k.a. Brands (NYSE:AKA) last posted its quarterly 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). The company had revenue of $148.91 million during the quarter, compared to analysts’ expectations of $154.41 million. a.k.a. Brands had a negative return on equity of 15.31% and a negative net margin of 18.10%. Research analysts expect that a.k.a. Brands will post -1.11 EPS for the current year.

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.