Xcel Brands, Inc (NASDAQ:XELB) Short Interest Up 67.8% in July

Xcel Brands, Inc (NASDAQ:XELB) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 33,307 shares, an increase of 67.8% from the June 30th total of 19,848 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 73,264 shares, the days-to-cover ratio is currently 0.5 days.

Xcel Brands Stock Performance

Shares of XELB stock opened at $1.22 on Friday. The firm has a market capitalization of $7.38 million, a P/E ratio of -0.26 and a beta of 1.20. Xcel Brands has a 12 month low of $0.74 and a 12 month high of $2.66. The company’s fifty day moving average price is $1.76 and its two-hundred day moving average price is $1.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.58 and a quick ratio of 0.58.

Xcel Brands (NASDAQ:XELB) last released its earnings results on Thursday, May 14th. The textile maker reported ($0.42) EPS for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.22. Xcel Brands had a negative return on equity of 83.71% and a negative net margin of 361.04%.The company had revenue of $1.14 million for the quarter, compared to the consensus estimate of $1.65 million. On average, research analysts anticipate that Xcel Brands will post -1.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Xcel Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 17th. 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, Xcel Brands currently has a consensus rating of “Hold” and a consensus target price of $3.00.

Institutional Trading of Xcel Brands

Several institutional investors have recently added to or reduced their stakes in XELB. DRW Securities LLC raised its holdings in shares of Xcel Brands by 98.1% during the fourth quarter. DRW Securities LLC now owns 34,434 shares of the textile maker’s stock worth $37,000 after purchasing an additional 17,053 shares during the period. Citadel Advisors LLC acquired a new position in shares of Xcel Brands in the 3rd quarter valued at about $88,000. Finally, Potomac Capital Management Inc. bought a new stake in shares of Xcel Brands during the 4th quarter valued at about $441,000. Institutional investors own 18.55% of the company’s stock.

Xcel Brands Company Profile

Xcel Brands, Inc (NASDAQ: XELB) is a lifestyle brand management company that acquires, develops and markets consumer product brands spanning fashion, entertainment and home categories. The company works with designers, celebrities and entertainment properties to create branded apparel, accessories, jewelry and home décor collections. Its portfolio includes licensed and proprietary brands such as Judith Ripka, Isaac Mizrahi and Simple Joys by Carter’s, among others.

The company’s business model centers on sourcing creative talent and intellectual property, then leveraging an in-house product development team to design collections that are manufactured by third-party partners.