Xcel Brands, Inc (NASDAQ:XELB) Short Interest Down 85.7% in June

Xcel Brands, Inc (NASDAQ:XELB) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 19,848 shares, a drop of 85.7% from the June 15th total of 138,325 shares. Based on an average daily trading volume, of 86,883 shares, the short-interest ratio is presently 0.2 days. Approximately 0.5% of the company’s stock are short sold.

Hedge Funds Weigh In On Xcel Brands

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

Analyst Upgrades and Downgrades

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

Xcel Brands Stock Down 8.2%

XELB stock traded down $0.13 on Monday, reaching $1.49. 25,040 shares of the company traded hands, compared to its average volume of 87,229. The firm has a fifty day simple moving average of $1.98 and a 200-day simple moving average of $1.72. The company has a market cap of $9.00 million, a P/E ratio of -0.32 and a beta of 1.20. Xcel Brands has a one year low of $0.74 and a one year high of $2.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.58 and a quick ratio of 0.58.

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