Short Interest in XCel Brands Inc (NASDAQ:XELB) Grows By 34.4%

XCel Brands Inc (NASDAQ:XELB) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 42,600 shares, a growth of 34.4% from the September 30th total of 31,700 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 48,700 shares, the short-interest ratio is presently 0.9 days.

NASDAQ:XELB opened at $1.53 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.74 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average is $1.74 and its two-hundred day moving average is $1.72. XCel Brands has a 52 week low of $1.00 and a 52 week high of $3.50. The stock has a market capitalization of $31.69 million, a price-to-earnings ratio of 7.65 and a beta of 1.46.

XCel Brands (NASDAQ:XELB) last released its quarterly earnings results on Wednesday, November 13th. The textile maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). XCel Brands had a return on equity of 3.68% and a net margin of 7.12%. The firm had revenue of $10.93 million for the quarter. On average, sell-side analysts expect that XCel Brands will post 0.32 EPS for the current fiscal year.

XELB has been the subject of several analyst reports. DA Davidson lowered XCel Brands from a “buy” rating to a “neutral” rating in a research report on Thursday. Zacks Investment Research upgraded XCel Brands from a “hold” rating to a “buy” rating and set a $1.75 price objective for the company in a research report on Saturday, October 19th. Finally, ValuEngine upgraded XCel Brands from a “strong sell” rating to a “sell” rating in a research report on Wednesday.

A number of large investors have recently added to or reduced their stakes in the business. Legacy Advisors LLC lifted its stake in XCel Brands by 1.4% during the second quarter. Legacy Advisors LLC now owns 565,725 shares of the textile maker’s stock worth $820,000 after purchasing an additional 8,000 shares in the last quarter. Vanguard Group Inc. lifted its stake in XCel Brands by 50.2% during the second quarter. Vanguard Group Inc. now owns 76,321 shares of the textile maker’s stock worth $111,000 after purchasing an additional 25,498 shares in the last quarter. Finally, Weber Alan W lifted its stake in XCel Brands by 125.0% during the second quarter. Weber Alan W now owns 90,000 shares of the textile maker’s stock worth $131,000 after purchasing an additional 50,000 shares in the last quarter. Institutional investors own 8.07% of the company’s stock.

XCel Brands Company Profile

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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