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

Xcel Brands, Inc. (NASDAQ:XELB) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 120,800 shares, a decrease of 27.1% from the August 15th total of 165,800 shares. Based on an average trading volume of 30,600 shares, the days-to-cover ratio is currently 3.9 days. Currently, 0.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of XELB. Levin Capital Strategies L.P. purchased a new stake in Xcel Brands in the first quarter valued at approximately $86,000. Perritt Capital Management Inc. boosted its holdings in shares of Xcel Brands by 31.6% in 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 during the last quarter. Finally, AWM Investment Company Inc. purchased a new stake in shares of Xcel Brands during the 1st quarter valued at $600,000. Institutional investors and hedge funds own 18.55% of the company’s stock.

Xcel Brands Stock Performance

Shares of XELB opened at $0.73 on Friday. Xcel Brands has a 1 year low of $0.58 and a 1 year high of $1.70. The company’s 50 day simple moving average is $0.69 and its 200 day simple moving average is $0.73. The company has a market capitalization of $17.26 million, a price-to-earnings ratio of -0.67 and a beta of 1.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.72 and a current ratio of 0.79.

Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings data on Wednesday, August 14th. The textile maker reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.08. The business had revenue of $2.95 million for the quarter, compared to analysts’ expectations of $2.98 million. Xcel Brands had a negative return on equity of 20.74% and a negative net margin of 179.30%. During the same quarter last year, the firm earned ($0.09) earnings per share. On average, sell-side analysts predict that Xcel Brands will post -0.26 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Xcel Brands in a research report on Thursday. They set a “sell” rating for the company.

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.