Xcel Brands, Inc. (NASDAQ:XELB) Short Interest Down 87.7% in March

Xcel Brands, Inc. (NASDAQ:XELB) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 32,900 shares, a decrease of 87.7% from the February 28th total of 268,300 shares. Currently, 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 currently 1.8 days.

Analysts Set New Price Targets

XELB has been the subject of several recent analyst reports. StockNews.com assumed coverage on shares of Xcel Brands in a research report on Sunday. They set a “sell” rating for the company. Sidoti raised shares of Xcel Brands to a “hold” rating in a research report on Friday, January 31st.

Xcel Brands Trading Down 13.8 %

Shares of NASDAQ XELB traded down $0.60 during mid-day trading on Wednesday, reaching $3.75. 51,736 shares of the company’s stock were exchanged, compared to its average volume of 7,068. The company’s 50-day moving average is $0.44 and its 200-day moving average is $0.59. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market capitalization of $88.98 million, a price-to-earnings ratio of -3.64 and a beta of 1.38. Xcel Brands has a 52-week low of $2.50 and a 52-week high of $9.97.

Institutional Trading of Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC raised its position in shares of Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,452,593 shares of the textile maker’s stock after buying an additional 210,000 shares during the period. Summit Trail Advisors LLC owned about 10.37% of Xcel Brands worth $1,248,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 18.55% of the company’s 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.