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

Xcel Brands, Inc. (NASDAQ:XELB) was the target of a significant growth in short interest in 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 short-interest ratio is presently 6.0 days. Approximately 1.2% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Xcel Brands in a research report on Sunday. They issued a “sell” rating for the company.

Xcel Brands Stock Performance

Shares of Xcel Brands stock traded down $0.03 during trading on Wednesday, hitting $0.70. 7,895 shares of the stock were exchanged, compared to its average volume of 39,524. The stock has a market cap of $16.44 million, a PE ratio of -0.66 and a beta of 1.41. The stock’s fifty day moving average is $0.67 and its 200 day moving average is $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 quick ratio of 0.91 and a current ratio of 0.98.

Xcel Brands (NASDAQ:XELB) last posted its earnings results on Monday, May 20th. The textile maker reported ($0.09) EPS for the quarter, topping 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 firm had revenue of $2.18 million during the quarter, compared to analysts’ expectations of $2.20 million. As a group, sell-side analysts anticipate that Xcel Brands will post -0.25 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Summit Trail Advisors LLC lifted 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 worth $1,749,000 after acquiring an additional 550,453 shares during the period. AWM Investment Company Inc. acquired a new stake in Xcel Brands in the first quarter worth approximately $600,000. Perritt Capital Management Inc. boosted its stake in Xcel Brands by 31.6% during 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 in the last quarter. Finally, Levin Capital Strategies L.P. acquired a new position in shares of Xcel Brands during the 1st quarter valued at $86,000. Institutional investors and hedge funds 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.