Xcel Brands, Inc. (NASDAQ:XELB) Short Interest Update

Xcel Brands, Inc. (NASDAQ:XELB) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 39,100 shares, an increase of 18.8% from the March 15th total of 32,900 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average trading volume of 14,800 shares, the days-to-cover ratio is currently 2.6 days.

Analysts Set New Price Targets

Several analysts have weighed in on XELB shares. Sidoti upgraded shares of Xcel Brands to a “hold” rating in a research note on Friday, January 31st. StockNews.com started coverage on Xcel Brands in a research report on Wednesday, April 16th. They set a “sell” rating on the stock.

Xcel Brands Stock Down 3.4 %

XELB stock opened at $2.26 on Monday. Xcel Brands has a 52 week low of $2.02 and a 52 week high of $8.49. The business has a 50-day simple moving average of $3.03 and a 200 day simple moving average of $5.00. 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 company has a market cap of $5.36 million, a PE ratio of -2.19 and a beta of 1.01.

Hedge Funds Weigh In On Xcel Brands

An institutional investor recently raised its position in Xcel Brands stock. Summit Trail Advisors LLC boosted its holdings in Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,452,593 shares of the textile maker’s stock after buying an additional 210,000 shares during the quarter. Summit Trail Advisors LLC owned approximately 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 18.55% of the company’s stock.

About Xcel Brands

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.