Xcel Brands, Inc. (NASDAQ:XELB) Short Interest Down 23.2% in February

Xcel Brands, Inc. (NASDAQ:XELB) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 268,300 shares, a drop of 23.2% from the February 13th total of 349,400 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average trading volume of 153,200 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Trading of Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC increased its holdings in shares of Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,452,593 shares of the textile maker’s stock after buying an additional 210,000 shares during the quarter. Summit Trail Advisors LLC owned 10.37% of Xcel Brands worth $1,248,000 as of its most recent SEC filing. Institutional investors own 18.55% of the company’s stock.

Wall Street Analyst Weigh In

XELB has been the topic of a number of research analyst reports. Sidoti upgraded shares of Xcel Brands to a “hold” rating in a research note on Friday, January 31st. StockNews.com assumed coverage on shares of Xcel Brands in a research report on Saturday. They issued a “sell” rating on the stock.

Xcel Brands Trading Up 0.1 %

Shares of NASDAQ:XELB opened at $0.27 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.09. Xcel Brands has a 12-month low of $0.26 and a 12-month high of $1.00. The firm has a fifty day moving average of $0.38 and a two-hundred day moving average of $0.58. The firm has a market capitalization of $6.41 million, a P/E ratio of -0.26 and a beta of 1.38.

Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings data on Friday, December 20th. The textile maker reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates 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%. On average, equities analysts expect that Xcel Brands will post -0.23 EPS for the current fiscal year.

Xcel Brands Company Profile

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.