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

Xcel Brands, Inc. (NASDAQ:XELB) was the recipient of a large decline in short interest in 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. Approximately 1.8% of the shares of the company are sold short. Based on an average daily trading volume, of 153,200 shares, the short-interest ratio is currently 1.8 days.

Xcel Brands Stock Performance

Shares of NASDAQ XELB opened at $0.28 on Monday. The company has a market cap of $6.64 million, a P/E ratio of -0.27 and a beta of 1.38. Xcel Brands has a 52-week low of $0.26 and a 52-week high of $1.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.52 and a current ratio of 0.52. The firm’s fifty day moving average is $0.39 and its two-hundred day moving average is $0.58.

Xcel Brands (NASDAQ:XELB) last released its quarterly earnings results on Friday, December 20th. The textile maker reported ($0.06) earnings per share 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, analysts anticipate that Xcel Brands will post -0.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XELB. StockNews.com initiated coverage on shares of Xcel Brands in a research report on Saturday. They issued a “sell” rating for the company. Sidoti upgraded Xcel Brands to a “hold” rating in a research note on Friday, January 31st.

Institutional Investors Weigh In On Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC lifted its holdings in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,452,593 shares of the textile maker’s stock after acquiring an additional 210,000 shares during the period. Summit Trail Advisors LLC owned 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent quarter. 18.55% of the stock is owned by institutional investors.

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.