Xcel Brands, Inc. (NASDAQ:XELB) Short Interest Down 87.7% in March

Xcel Brands, Inc. (NASDAQ:XELB) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 32,900 shares, a decrease of 87.7% from the February 28th total of 268,300 shares. Based on an average daily volume of 17,900 shares, the days-to-cover ratio is currently 1.8 days. Currently, 2.2% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of research analysts recently weighed in on XELB shares. 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 research report on Sunday. They issued a “sell” rating for the company.

Xcel Brands Stock Down 13.8 %

NASDAQ:XELB traded down $0.60 during midday trading on Wednesday, reaching $3.75. The company had a trading volume of 51,736 shares, compared to its average volume of 7,068. Xcel Brands has a 12-month low of $2.50 and a 12-month high of $9.97. The firm has a market capitalization of $88.98 million, a price-to-earnings ratio of -3.64 and a beta of 1.38. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $0.44 and its 200-day simple moving average is $0.59.

Hedge Funds Weigh In On Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC boosted its position in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,452,593 shares of the textile maker’s stock after acquiring an additional 210,000 shares during the quarter. Summit Trail Advisors LLC owned 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent quarter. Institutional investors own 18.55% of the company’s stock.

About Xcel Brands

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.