Short Interest in Xcel Brands, Inc. (NASDAQ:XELB) Rises By 366.2%

Xcel Brands, Inc. (NASDAQ:XELBGet Free Report) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 412,100 shares, a growth of 366.2% from the December 15th total of 88,400 shares. Based on an average daily volume of 123,800 shares, the short-interest ratio is currently 3.3 days. Currently, 2.8% of the company’s shares are short sold.

Xcel Brands Stock Performance

Shares of Xcel Brands stock opened at $0.45 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average price is $0.61 and its 200-day moving average price is $0.68. The firm has a market cap of $10.74 million, a P/E ratio of -0.51 and a beta of 1.36. Xcel Brands has a 12 month low of $0.33 and a 12 month high of $1.70.

Xcel Brands (NASDAQ:XELBGet Free Report) last issued its earnings results on Friday, December 20th. The textile maker reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.06. Xcel Brands had a negative net margin of 179.30% and a negative return on equity of 20.74%. On average, equities research analysts expect that Xcel Brands will post -0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on XELB

Xcel Brands Company Profile

(Get Free Report)

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.

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