Xcel Brands, Inc (NASDAQ:XELB) Sees Large Decrease in Short Interest

Xcel Brands, Inc (NASDAQ:XELB) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 19,848 shares, a decline of 85.7% from the June 15th total of 138,325 shares. Based on an average trading volume of 86,883 shares, the short-interest ratio is currently 0.2 days. Approximately 0.5% of the company’s stock are sold short.

Xcel Brands Stock Up 1.9%

Shares of XELB stock traded up $0.03 on Friday, hitting $1.62. The stock had a trading volume of 14,539 shares, compared to its average volume of 95,068. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.75. The business has a 50 day moving average price of $2.00 and a 200 day moving average price of $1.72. Xcel Brands has a one year low of $0.74 and a one year high of $2.66. The company has a market cap of $9.80 million, a PE ratio of -0.35 and a beta of 1.20.

Xcel Brands (NASDAQ:XELB) last released its quarterly earnings results on Thursday, May 14th. The textile maker reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.64) by $0.22. Xcel Brands had a negative net margin of 361.04% and a negative return on equity of 83.71%. The business had revenue of $1.14 million during the quarter, compared to analyst estimates of $1.65 million. Research analysts anticipate that Xcel Brands will post -1.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Xcel Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $3.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. DRW Securities LLC lifted its holdings in shares of Xcel Brands by 98.1% during the fourth quarter. DRW Securities LLC now owns 34,434 shares of the textile maker’s stock worth $37,000 after purchasing an additional 17,053 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Xcel Brands in the third quarter worth $88,000. Finally, Potomac Capital Management Inc. purchased a new position in shares of Xcel Brands during the fourth quarter worth $441,000. 18.55% of the stock is owned by institutional investors and hedge funds.

Xcel Brands Company Profile

Xcel Brands, Inc (NASDAQ: XELB) is a lifestyle brand management company that acquires, develops and markets consumer product brands spanning fashion, entertainment and home categories. The company works with designers, celebrities and entertainment properties to create branded apparel, accessories, jewelry and home décor collections. Its portfolio includes licensed and proprietary brands such as Judith Ripka, Isaac Mizrahi and Simple Joys by Carter’s, among others.

The company’s business model centers on sourcing creative talent and intellectual property, then leveraging an in-house product development team to design collections that are manufactured by third-party partners.