Xcel Brands, Inc (NASDAQ:XELB) Stock Short Interest Report for October

Xcel Brands, Inc (NASDAQ:XELB) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 98,661 shares, a growth of 396.6% from the September 30th total of 19,869 shares. Based on an average daily volume of 2,011,413 shares, the short-interest ratio is currently 0.0 days. Currently, 2.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

XELB has been the topic of a number of analyst reports. Weiss Ratings cut Xcel Brands from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, September 8th. Noble Financial reissued an “outperform” rating on shares of Xcel Brands in a report on Friday, October 9th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Xcel Brands Stock Performance

Shares of XELB stock opened at $0.36 on Tuesday. Xcel Brands has a 12 month low of $0.27 and a 12 month high of $2.47. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $2.47 million, a P/E ratio of -0.11 and a beta of 1.24. The company’s fifty day moving average price is $0.72 and its two-hundred day moving average price is $1.44.

Xcel Brands (NASDAQ:XELB) last announced its earnings results on Thursday, August 13th. The textile maker reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.02). Xcel Brands had a negative net margin of 343.68% and a negative return on equity of 109.17%. The business had revenue of $1.12 million for the quarter, compared to analyst estimates of $1.80 million. On average, research analysts anticipate that Xcel Brands will post -1.44 earnings per share for the current fiscal year.

Xcel Brands Company Profile

Xcel Brands, Inc is a media and consumer products company that develops, acquires, markets and licenses lifestyle brands. Its business combines brand management with entertainment, television, digital content, social commerce and direct-to-consumer initiatives designed to connect brands with consumers across multiple retail channels.

The company’s activities span fashion, jewelry, home goods and related consumer products. Xcel Brands works with designers and other brand partners to create product lines and then extends those brands through licensing, wholesale distribution, television shopping, e-commerce and digital and social-media platforms.