Xcel Brands, Inc. (NASDAQ:XELB) Short Interest Update

Xcel Brands, Inc. (NASDAQ:XELB) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 177,600 shares, a growth of 206.2% from the July 15th total of 58,000 shares. Based on an average daily volume of 29,700 shares, the days-to-cover ratio is currently 6.0 days. Approximately 1.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Xcel Brands

Institutional investors have recently modified their holdings of the business. Summit Trail Advisors LLC boosted its stake in shares of Xcel Brands by 32.5% in the 1st quarter. Summit Trail Advisors LLC now owns 2,242,593 shares of the textile maker’s stock valued at $1,749,000 after purchasing an additional 550,453 shares in the last quarter. Perritt Capital Management Inc. lifted its stake in Xcel Brands by 31.6% in the 1st quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock valued at $473,000 after purchasing an additional 145,833 shares during the last quarter. AWM Investment Company Inc. acquired a new stake in Xcel Brands in the first quarter valued at approximately $600,000. Finally, Levin Capital Strategies L.P. acquired a new stake in Xcel Brands in the first quarter valued at approximately $86,000. Institutional investors and hedge funds own 18.55% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Xcel Brands in a research report on Sunday. They set a “sell” rating on the stock.

Xcel Brands Price Performance

XELB traded down $0.03 on Wednesday, hitting $0.70. 7,895 shares of the stock were exchanged, compared to its average volume of 39,524. The business has a 50-day moving average of $0.67 and a two-hundred day moving average of $0.79. Xcel Brands has a 12 month low of $0.58 and a 12 month high of $1.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 0.91. The firm has a market capitalization of $16.44 million, a price-to-earnings ratio of -0.66 and a beta of 1.41.

Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings data on Monday, May 20th. The textile maker reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.07. Xcel Brands had a negative net margin of 156.27% and a negative return on equity of 21.92%. The business had revenue of $2.18 million during the quarter, compared to the consensus estimate of $2.20 million. Sell-side analysts forecast that Xcel Brands will post -0.25 EPS for the current fiscal year.

Xcel Brands Company Profile

Xcel Brands, Inc, together with its subsidiaries, operates as a media and consumer products company in the United States. The company designs, produces, markets, wholesales, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the LOGO by Lori Goldstein, the Judith Ripka, the Halston brand, the C Wonder, the TowerHill by Christie Brinkley brand (the CB brand), and other brands, as well as manages the Longaberger brand.