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 recipient of a significant decrease in short interest in 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 daily volume of 7,300 shares, the days-to-cover ratio is currently 10.6 days. Currently, 8.2% of the shares of the stock are sold short.

a.k.a. Brands Stock Up 1.5 %

Shares of NYSE:AKA opened at $11.92 on Wednesday. a.k.a. Brands has a 52-week low of $3.60 and a 52-week high of $14.28. The firm has a fifty day moving average of $10.52 and a 200 day moving average of $9.05. The company has a current ratio of 1.58, a quick ratio of 0.52 and a debt-to-equity ratio of 0.61.

a.k.a. Brands (NYSE:AKA) last announced its earnings results on Thursday, March 7th. The company reported ($1.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.85). a.k.a. Brands had a negative return on equity of 15.31% and a negative net margin of 18.10%. The company had revenue of $148.91 million during the quarter, compared to analysts’ expectations of $154.41 million. Sell-side analysts forecast that a.k.a. Brands will post -1.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Truist Financial reaffirmed a “hold” rating and issued a $10.00 price target (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 issued a $11.00 target price (up from $8.00) on shares of a.k.a. Brands in a research report on Monday, March 4th.

Institutional Trading of a.k.a. Brands

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in a.k.a. Brands by 131.0% during the first quarter. BlackRock Inc. now owns 1,032,023 shares of the company’s stock valued at $562,000 after buying an additional 585,353 shares during the period. Schonfeld Strategic Advisors LLC boosted its position in a.k.a. Brands by 12.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 503,376 shares of the company’s stock valued at $639,000 after buying an additional 57,453 shares during the period. Renaissance Technologies LLC boosted its position in a.k.a. Brands by 361.5% during the second quarter. Renaissance Technologies LLC now owns 444,000 shares of the company’s stock valued at $191,000 after buying an additional 347,800 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in a.k.a. Brands during the second quarter valued at about $169,000. Finally, Goldman Sachs Group Inc. boosted its position in a.k.a. Brands by 2,671.2% during the first quarter. Goldman Sachs Group Inc. now owns 388,437 shares of the company’s stock valued at $1,717,000 after buying an additional 374,420 shares during the period. 55.35% of the stock is currently owned by hedge funds and other institutional investors.

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.