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

Xcel Brands, Inc. (NASDAQ:XELB) was the target of a significant 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. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily volume of 17,900 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC raised its holdings in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,452,593 shares of the textile maker’s stock after acquiring 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. Institutional investors own 18.55% of the company’s stock.

Xcel Brands Price Performance

Shares of XELB opened at $3.61 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.09. The stock has a market cap of $85.63 million, a PE ratio of -3.50 and a beta of 1.38. Xcel Brands has a 12-month low of $2.50 and a 12-month high of $9.97. The business has a 50-day simple moving average of $3.62 and a two-hundred day simple moving average of $5.60.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on XELB shares. StockNews.com assumed coverage on Xcel Brands in a research note on Sunday, March 23rd. They set a “sell” rating for the company. Sidoti raised shares of Xcel Brands to a “hold” rating in a research note on Friday, January 31st.

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.