a.k.a. Brands Holding Corp. (NYSE:AKA) Short Interest Up 61.6% in December

a.k.a. Brands Holding Corp. (NYSE:AKA) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 10,353 shares, an increase of 61.6% from the November 30th total of 6,407 shares. Based on an average daily volume of 15,066 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 15,066 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On a.k.a. Brands

A hedge fund recently bought a new stake in a.k.a. Brands stock. Bridgeway Capital Management LLC bought a new position in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,475 shares of the company’s stock, valued at approximately $118,000. Bridgeway Capital Management LLC owned approximately 0.11% of a.k.a. Brands at the end of the most recent quarter. Hedge funds and other institutional investors own 55.35% of the company’s stock.

a.k.a. Brands Stock Down 5.4%

AKA stock traded down $0.63 during midday trading on Friday, hitting $10.94. The company’s stock had a trading volume of 2,766 shares, compared to its average volume of 10,074. The firm has a 50-day simple moving average of $12.41 and a 200-day simple moving average of $11.51. The firm has a market capitalization of $117.52 million, a P/E ratio of -4.45 and a beta of 1.62. The company has a quick ratio of 0.45, a current ratio of 1.35 and a debt-to-equity ratio of 0.94. a.k.a. Brands has a 52-week low of $7.00 and a 52-week high of $19.92.

a.k.a. Brands (NYSE:AKA) last released its earnings results on Wednesday, November 5th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.02). The company had revenue of $147.08 million during the quarter, compared to analysts’ expectations of $154.87 million. a.k.a. Brands had a negative net margin of 4.42% and a negative return on equity of 23.20%. As a group, equities analysts forecast that a.k.a. Brands will post -1.57 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Zacks Research downgraded shares of a.k.a. Brands from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Telsey Advisory Group reiterated a “market perform” rating and issued a $13.00 price objective on shares of a.k.a. Brands in a research report on Thursday, November 6th. Lake Street Capital reiterated a “buy” rating and set a $25.00 price target on shares of a.k.a. Brands in a report on Thursday, November 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of a.k.a. Brands in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $18.33.

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. It also operates physical stores under the Culture Kings brand. The company was founded in 2018 and is headquartered in San Francisco, California.