Short Interest in Xcel Brands, Inc. (NASDAQ:XELB) Decreases By 87.7%

Xcel Brands, Inc. (NASDAQ:XELB) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 32,900 shares, a drop of 87.7% from the February 28th total of 268,300 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 17,900 shares, the days-to-cover ratio is presently 1.8 days.

Xcel Brands Stock Down 13.8 %

Xcel Brands stock opened at $3.75 on Thursday. The stock’s fifty day moving average is $3.64 and its two-hundred day moving average is $5.61. The stock has a market cap of $88.98 million, a PE ratio of -3.64 and a beta of 1.38. Xcel Brands has a 1-year low of $2.50 and a 1-year high of $9.97. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.52 and a quick ratio of 0.52.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC boosted its holdings in shares of Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,452,593 shares of the textile maker’s stock after purchasing an additional 210,000 shares during the period. Summit Trail Advisors LLC owned approximately 10.37% of Xcel Brands worth $1,248,000 as of its most recent filing with the SEC. 18.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XELB has been the subject of a number of research reports. Sidoti raised 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 report on Sunday. They set a “sell” rating on the stock.

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.