a.k.a. Brands Holding Corp. (NYSE:AKA) Sees Large Growth in Short Interest

a.k.a. Brands Holding Corp. (NYSE:AKA - Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 55,200 shares, an increase of 6.2% from the September 30th total of 52,000 shares. Based on an average daily trading volume, of 9,000 shares, the days-to-cover ratio is currently 6.1 days.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AKA. Telsey Advisory Group raised their price target on shares of a.k.a. Brands from $20.00 to $25.00 and gave the stock a "market perform" rating in a research note on Friday. Truist Financial cut their price target on shares of a.k.a. Brands from $22.00 to $20.00 and set a "hold" rating on the stock in a research report on Friday, August 9th.

Institutional Trading of a.k.a. Brands

A hedge fund recently raised its stake in a.k.a. Brands stock. Renaissance Technologies LLC lifted its position in shares of a.k.a. Brands Holding Corp. (NYSE:AKA - Free Report) by 11.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,369 shares of the company's stock after acquiring an additional 3,100 shares during the period. Renaissance Technologies LLC owned approximately 0.29% of a.k.a. Brands worth $463,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 55.35% of the company's stock.

a.k.a. Brands Stock Up 1.3 %

Shares of a.k.a. Brands stock traded up $0.31 on Friday, reaching $23.30. 9,030 shares of the company were exchanged, compared to its average volume of 8,555. a.k.a. Brands has a one year low of $6.01 and a one year high of $33.73. The company has a current ratio of 1.55, a quick ratio of 0.48 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average of $23.55 and a 200 day moving average of $19.30. The company has a market capitalization of $245.82 million, a price-to-earnings ratio of -2.60 and a beta of 1.41.

a.k.a. Brands (NYSE:AKA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.22) EPS for the quarter, beating analysts' consensus estimates of ($0.30) by $0.08. The company had revenue of $148.93 million during the quarter, compared to the consensus estimate of $134.86 million. a.k.a. Brands had a negative net margin of 17.19% and a negative return on equity of 18.76%. During the same quarter last year, the firm posted ($0.48) EPS. On average, equities research analysts forecast that a.k.a. Brands will post -1.11 earnings per share for the current year.

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.