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

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

Xcel Brands Stock Performance

Shares of NASDAQ:XELB opened at $3.61 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.52 and a quick ratio of 0.52. The business’s fifty day moving average price is $3.62 and its two-hundred day moving average price is $5.60. Xcel Brands has a fifty-two week low of $2.50 and a fifty-two week high of $9.97. The stock has a market capitalization of $85.63 million, a price-to-earnings ratio of -3.50 and a beta of 1.38.

Institutional Investors Weigh In On Xcel Brands

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on XELB shares. Sidoti raised shares of Xcel Brands to a “hold” rating in a research note on Friday, January 31st. StockNews.com initiated coverage on Xcel Brands in a report on Sunday, March 23rd. 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.