a.k.a. Brands Holding Corp. (NYSE:AKA) Short Interest Update

a.k.a. Brands Holding Corp. (NYSE:AKA) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 11,091 shares, a growth of 15.0% from the March 31st total of 9,642 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 4,262 shares, the short-interest ratio is currently 2.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of a.k.a. Brands in a research report on Monday, April 20th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.00.

a.k.a. Brands Price Performance

a.k.a. Brands stock opened at $11.20 on Friday. a.k.a. Brands has a 12-month low of $7.00 and a 12-month high of $16.38. The company has a current ratio of 1.23, a quick ratio of 0.41 and a debt-to-equity ratio of 1.07. The firm has a 50-day moving average price of $10.20 and a 200-day moving average price of $11.36. The firm has a market capitalization of $121.18 million, a PE ratio of -3.82 and a beta of 1.57.

a.k.a. Brands (NYSE:AKA) last issued its quarterly earnings results on Thursday, March 5th. The company reported ($0.80) EPS for the quarter, beating the consensus estimate of ($0.85) by $0.05. a.k.a. Brands had a negative net margin of 5.24% and a negative return on equity of 23.52%. The company had revenue of $163.95 million for the quarter, compared to the consensus estimate of $164.45 million. As a group, equities research analysts forecast that a.k.a. Brands will post -1.4 EPS for the current year.

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

An institutional investor recently bought a new position in a.k.a. Brands stock. 683 Capital Management LLC purchased a new position in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 36,417 shares of the company’s stock, valued at approximately $390,000. 683 Capital Management LLC owned about 0.34% of a.k.a. Brands as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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. It also operates physical stores under the Culture Kings brand. The company was founded in 2018 and is headquartered in San Francisco, California.