Xcel Brands, Inc (NASDAQ:XELB) Stock Short Interest Jumps 396.6%

Xcel Brands, Inc (NASDAQ:XELB) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 98,661 shares, a growth of 396.6% from the September 30th total of 19,869 shares. Based on an average daily trading volume, of 2,011,413 shares, the days-to-cover ratio is presently 0.0 days. Approximately 2.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on XELB. Noble Financial reaffirmed an “outperform” rating on shares of Xcel Brands in a research report on Friday, October 9th. Weiss Ratings lowered Xcel Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Xcel Brands Stock Performance

Shares of XELB stock opened at $0.34 on Thursday. The stock has a 50-day moving average of $0.70 and a 200-day moving average of $1.43. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $2.34 million, a PE ratio of -0.10 and a beta of 1.24. Xcel Brands has a one year low of $0.27 and a one year high of $2.47.

Xcel Brands (NASDAQ:XELB) last released its quarterly earnings results on Thursday, August 13th. The textile maker reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.02). Xcel Brands had a negative net margin of 343.68% and a negative return on equity of 109.17%. The firm had revenue of $1.12 million during the quarter, compared to analyst estimates of $1.80 million. As a group, sell-side analysts expect that Xcel Brands will post -1.44 earnings per share for the current year.

Xcel Brands Company Profile

Xcel Brands, Inc is a media and consumer products company that develops, markets and manages lifestyle brands. Its business model combines brand ownership and licensing with television, digital media, e-commerce and other direct-to-consumer channels.

The company works with designers and brand partners to create and distribute products across categories such as apparel, accessories, jewelry, beauty and home goods. Xcel Brands supports its brands through product design, licensing partnerships, marketing, content production and retail distribution, including television shopping and online commerce.

Xcel Brands was established in 2011 and is based in New York.