Xcel Brands, Inc (NASDAQ:XELB) Short Interest Up 661.8% in June

Xcel Brands, Inc (NASDAQ:XELB) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 138,325 shares, an increase of 661.8% from the May 31st total of 18,158 shares. Currently, 3.2% of the company’s stock are sold short. Based on an average trading volume of 1,766,569 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Xcel Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Xcel Brands currently has a consensus rating of “Hold” and a consensus price target of $3.00.

Hedge Funds Weigh In On Xcel Brands

Several large investors have recently bought and sold shares of XELB. DRW Securities LLC lifted its stake in shares of Xcel Brands by 98.1% in the 4th quarter. DRW Securities LLC now owns 34,434 shares of the textile maker’s stock worth $37,000 after acquiring an additional 17,053 shares during the period. Citadel Advisors LLC acquired a new position in shares of Xcel Brands during the third quarter valued at approximately $88,000. Finally, Potomac Capital Management Inc. acquired a new position in shares of Xcel Brands during the fourth quarter valued at approximately $441,000. Institutional investors and hedge funds own 18.55% of the company’s stock.

Xcel Brands Stock Up 1.7%

Shares of NASDAQ:XELB opened at $1.79 on Friday. The stock has a market capitalization of $10.83 million, a price-to-earnings ratio of -0.38 and a beta of 1.18. Xcel Brands has a 1-year low of $0.74 and a 1-year high of $2.66. The company’s fifty day moving average is $2.10 and its two-hundred day moving average is $1.68. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.58 and a current ratio of 0.58.

Xcel Brands (NASDAQ:XELB) last announced its quarterly earnings results on Thursday, May 14th. The textile maker reported ($0.42) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.22. The business had revenue of $1.14 million for the quarter, compared to analysts’ expectations of $1.65 million. Xcel Brands had a negative return on equity of 83.71% and a negative net margin of 361.04%. Equities analysts anticipate that Xcel Brands will post -1.41 EPS for the current year.

About Xcel Brands

Xcel Brands, Inc (NASDAQ: XELB) is a lifestyle brand management company that acquires, develops and markets consumer product brands spanning fashion, entertainment and home categories. The company works with designers, celebrities and entertainment properties to create branded apparel, accessories, jewelry and home décor collections. Its portfolio includes licensed and proprietary brands such as Judith Ripka, Isaac Mizrahi and Simple Joys by Carter’s, among others.

The company’s business model centers on sourcing creative talent and intellectual property, then leveraging an in-house product development team to design collections that are manufactured by third-party partners.