Short Interest in Xcel Brands, Inc (NASDAQ:XELB) Rises By 224.5%

Xcel Brands, Inc (NASDAQ:XELB) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 252,100 shares, an increase of 224.5% from the September 30th total of 77,700 shares. Based on an average trading volume of 1,200,000 shares, the short-interest ratio is currently 0.2 days. Approximately 7.1% of the company’s stock are sold short. Approximately 7.1% of the company’s stock are sold short. Based on an average trading volume of 1,200,000 shares, the short-interest ratio is currently 0.2 days.

Xcel Brands Stock Down 4.8%

Shares of Xcel Brands stock opened at $1.20 on Friday. The stock has a market capitalization of $5.71 million, a P/E ratio of -0.12 and a beta of 0.91. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average price of $1.61 and a two-hundred day moving average price of $1.83. Xcel Brands has a 12-month low of $0.95 and a 12-month high of $8.49.

Insider Buying and Selling at Xcel Brands

In related news, Director Mark Disanto purchased 91,800 shares of the stock in a transaction dated Monday, August 4th. The shares were acquired at an average cost of $1.10 per share, for a total transaction of $100,980.00. Following the acquisition, the director directly owned 102,700 shares in the company, valued at approximately $112,970. The trade was a 842.20% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Loren Robert W. D bought 124,200 shares of the stock in a transaction on Monday, August 4th. The stock was purchased at an average price of $1.10 per share, for a total transaction of $136,620.00. Following the purchase, the chief executive officer directly owned 383,885 shares of the company’s stock, valued at approximately $422,273.50. This represents a 47.83% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 29.47% of the company’s stock.

Analysts Set New Price Targets

XELB has been the subject of several recent research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Xcel Brands in a research note on Wednesday, October 8th. Maxim Group initiated coverage on shares of Xcel Brands in a research report on Tuesday, September 23rd. They issued a “buy” rating and a $3.00 target price for the company. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $3.00.

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.