Xcel Brands, Inc. (NASDAQ:XELB) Sees Significant Drop in Short Interest

Xcel Brands, Inc. (NASDAQ:XELB) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 268,300 shares, a decrease of 23.2% from the February 13th total of 349,400 shares. Based on an average daily volume of 153,200 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.8% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several brokerages have commented on XELB. Sidoti upgraded shares of Xcel Brands to a “hold” rating in a report on Friday, January 31st. StockNews.com started coverage on shares of Xcel Brands in a report on Saturday. They issued a “sell” rating for the company.

Institutional Trading of Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC boosted its position in shares of Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,452,593 shares of the textile maker’s stock after purchasing an additional 210,000 shares during the quarter. Summit Trail Advisors LLC owned about 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent reporting period. 18.55% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Brands Stock Down 3.9 %

NASDAQ:XELB opened at $0.27 on Tuesday. The firm’s 50-day moving average price is $0.38 and its 200-day moving average price is $0.58. The company has a market capitalization of $6.41 million, a PE ratio of -0.26 and a beta of 1.38. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.52 and a quick ratio of 0.52. Xcel Brands has a 1-year low of $0.26 and a 1-year high of $1.00.

Xcel Brands (NASDAQ:XELB) last released its earnings results on Friday, December 20th. The textile maker reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.06. Xcel Brands had a negative net margin of 236.80% and a negative return on equity of 19.20%. On average, equities analysts predict that Xcel Brands will post -0.23 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.