Xcel Brands, Inc. (NASDAQ:XELB) Short Interest Update

Xcel Brands, Inc. (NASDAQ:XELB) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totalling 25,500 shares, a decrease of 27.4% from the May 31st total of 35,100 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 37,900 shares, the days-to-cover ratio is currently 0.7 days.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Xcel Brands in a research note on Monday, June 24th. They set a “sell” rating for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in XELB. Levin Capital Strategies L.P. acquired a new position in Xcel Brands in the 1st quarter worth $86,000. AWM Investment Company Inc. purchased a new position in Xcel Brands in the first quarter valued at about $600,000. Perritt Capital Management Inc. grew its stake in Xcel Brands by 31.6% during the 1st quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock valued at $473,000 after purchasing an additional 145,833 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in Xcel Brands by 32.5% during the 1st quarter. Summit Trail Advisors LLC now owns 2,242,593 shares of the textile maker’s stock worth $1,749,000 after purchasing an additional 550,453 shares during the last quarter. 18.55% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Brands Price Performance

NASDAQ:XELB opened at $0.59 on Friday. The business’s 50-day moving average is $0.70 and its two-hundred day moving average is $0.95. Xcel Brands has a 12 month low of $0.59 and a 12 month high of $2.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.98 and a quick ratio of 0.91.

Xcel Brands (NASDAQ:XELB) last announced its earnings results on Monday, May 20th. The textile maker reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.07. The business had revenue of $2.18 million for the quarter, compared to the consensus estimate of $2.20 million. Xcel Brands had a negative return on equity of 21.92% and a negative net margin of 156.27%. Equities research analysts anticipate that Xcel Brands will post -0.25 earnings per share for the current fiscal year.

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.