a.k.a. Brands Holding Corp. (NYSE:AKA) Short Interest Up 79.6% in June

a.k.a. Brands Holding Corp. (NYSE:AKA) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 13,798 shares, an increase of 79.6% from the June 15th total of 7,683 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 5,555 shares, the short-interest ratio is presently 2.5 days.

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

An institutional investor recently bought a new stake in a.k.a. Brands stock. Bridgeway Capital Management LLC acquired a new stake in a.k.a. Brands Holding Corp. (NYSE:AKA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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 reporting period. 55.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of a.k.a. Brands in a report on Monday, April 20th. One investment 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, a.k.a. Brands currently has an average rating of “Hold” and a consensus price target of $19.00.

a.k.a. Brands Stock Performance

a.k.a. Brands stock opened at $11.08 on Friday. The firm has a market capitalization of $119.89 million, a P/E ratio of -3.94 and a beta of 1.41. a.k.a. Brands has a 52 week low of $8.42 and a 52 week high of $16.38. The company has a current ratio of 1.19, a quick ratio of 0.55 and a debt-to-equity ratio of 1.09. The stock has a fifty day moving average price of $10.10 and a 200 day moving average price of $10.48.

a.k.a. Brands (NYSE:AKA) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.66) EPS for the quarter, topping the consensus estimate of ($0.98) by $0.32. The firm had revenue of $132.46 million during the quarter, compared to analyst estimates of $131.17 million. a.k.a. Brands had a negative net margin of 5.00% and a negative return on equity of 23.32%. Equities research analysts anticipate that a.k.a. Brands will post -1.77 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. It also operates physical stores under the Culture Kings brand. The company was founded in 2018 and is headquartered in San Francisco, California.