Xcel Brands, Inc. (NASDAQ:XELB) Short Interest Down 23.7% in November

Xcel Brands, Inc. (NASDAQ:XELB) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 89,600 shares, a decrease of 23.7% from the October 31st total of 117,500 shares. Based on an average daily volume of 18,000 shares, the short-interest ratio is presently 5.0 days. Approximately 0.6% of the company’s shares are short sold.

Xcel Brands Stock Down 2.5 %

Shares of NASDAQ XELB opened at $0.69 on Friday. The firm has a fifty day simple moving average of $0.75 and a two-hundred day simple moving average of $0.71. Xcel Brands has a 12 month low of $0.58 and a 12 month high of $1.70. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $16.27 million, a PE ratio of -0.77 and a beta of 1.34.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Xcel Brands in a research report on Saturday, November 23rd. They issued a “sell” rating on the 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.