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

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on XELB shares. StockNews.com began coverage on shares of Xcel Brands in a research note on Saturday. They issued a “sell” rating for the company. Sidoti raised Xcel Brands to a “hold” rating in a research note on Friday, January 31st.

Xcel Brands Price Performance

Shares of XELB stock opened at $0.28 on Monday. The company’s 50-day simple moving average is $0.39 and its two-hundred day simple moving average is $0.58. 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 one year low of $0.26 and a one year high of $1.00. The company has a market capitalization of $6.64 million, a P/E ratio of -0.27 and a beta of 1.38.

Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings results on Friday, December 20th. The textile maker reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.06. Xcel Brands had a negative return on equity of 19.20% and a negative net margin of 236.80%. As a group, equities analysts anticipate that Xcel Brands will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC boosted its stake in shares of Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 18.55% of the stock is currently owned by institutional investors and hedge funds.

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.