Xcel Brands, Inc. (NASDAQ:XELB) Sees Large Increase in Short Interest

Xcel Brands, Inc. (NASDAQ:XELBGet Rating) was the recipient of a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 2,400 shares, a growth of 84.6% from the December 15th total of 1,300 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 13,100 shares, the days-to-cover ratio is presently 0.2 days.

Xcel Brands Price Performance

XELB stock opened at $0.90 on Wednesday. Xcel Brands has a 1-year low of $0.67 and a 1-year high of $1.99. The company has a market capitalization of $17.56 million, a price-to-earnings ratio of -3.44 and a beta of 1.46. The business has a 50 day simple moving average of $0.81 and a two-hundred day simple moving average of $0.99.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Xcel Brands by 36.3% in the 1st quarter. Vanguard Group Inc. now owns 360,472 shares of the textile maker’s stock worth $537,000 after purchasing an additional 95,997 shares during the period. Potomac Capital Management Inc. boosted its stake in Xcel Brands by 19.1% in the 2nd quarter. Potomac Capital Management Inc. now owns 693,629 shares of the textile maker’s stock worth $818,000 after purchasing an additional 111,237 shares during the period. Finally, Summit Trail Advisors LLC boosted its stake in Xcel Brands by 35.0% in the 3rd quarter. Summit Trail Advisors LLC now owns 1,681,740 shares of the textile maker’s stock worth $1,603,000 after purchasing an additional 435,902 shares during the period. 16.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Xcel Brands in a research report on Monday. They set a “sell” rating for the company.

About Xcel Brands

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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, and other brands, as well as manages the Longaberger brand.

Further Reading

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