XCel Brands Inc (NASDAQ:XELB) Short Interest Up 35.8% in June

XCel Brands Inc (NASDAQ:XELB) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 49,300 shares, a growth of 35.8% from the May 30th total of 36,300 shares. Based on an average daily trading volume, of 66,500 shares, the short-interest ratio is presently 0.7 days. Currently, 0.6% of the company’s stock are sold short.

A number of institutional investors and hedge funds have recently modified their holdings of XELB. SG Capital Management LLC bought a new stake in XCel Brands during the 1st quarter worth approximately $43,000. Deutsche Bank AG purchased a new stake in shares of XCel Brands in the fourth quarter worth approximately $57,000. Weber Alan W purchased a new stake in shares of XCel Brands in the first quarter worth approximately $68,000. Finally, ARS Investment Partners LLC raised its stake in shares of XCel Brands by 16.9% in the first quarter. ARS Investment Partners LLC now owns 443,293 shares of the textile maker’s stock worth $754,000 after purchasing an additional 64,240 shares during the last quarter. 16.47% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently commented on the company. ValuEngine raised XCel Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Zacks Investment Research raised HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a research report on Friday, May 17th.

Shares of XCel Brands stock opened at $3.15 on Friday. XCel Brands has a one year low of $1.00 and a one year high of $3.47. The company has a market cap of $59.59 million, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 0.95 and a beta of 1.28. The company has a 50-day moving average price of $1.56. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.40 and a quick ratio of 1.30.

XCel Brands (NASDAQ:XELB) last issued its earnings results on Tuesday, May 14th. The textile maker reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. XCel Brands had a return on equity of 3.90% and a net margin of 1.94%. The business had revenue of $10.30 million during the quarter, compared to analyst estimates of $11.00 million. On average, sell-side analysts predict that XCel Brands will post 0.33 earnings per share for the current fiscal year.

About XCel Brands

Xcel Brands, Inc, together with its subsidiaries, operates as a consumer products company in the United States. The company designs, produces, licenses, markets, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the Judith Ripka, the H Halston, the C Wonder, and the Highline Collective brands.

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