Xcel Brands, Inc (NASDAQ:XELB) Stock Short Interest Report for October

Xcel Brands, Inc (NASDAQ:XELB) was the recipient 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 trading volume of 2,011,413 shares, the days-to-cover ratio is presently 0.0 days. Currently, 2.0% of the company’s stock are sold short.

Xcel Brands Price Performance

Shares of XELB opened at $0.36 on Tuesday. The firm has a market cap of $2.47 million, a price-to-earnings ratio of -0.11 and a beta of 1.24. The stock has a 50 day moving average of $0.72 and a 200-day moving average of $1.44. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.87. Xcel Brands has a 52 week low of $0.27 and a 52 week high of $2.47.

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

Analysts Set New Price Targets

XELB has been the subject of several recent analyst reports. Noble Financial reissued an “outperform” rating on shares of Xcel Brands in a report on Friday, October 9th. Weiss Ratings lowered shares of Xcel Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, September 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

About Xcel Brands

Xcel Brands, Inc is a media and consumer products company that develops, acquires, markets and licenses lifestyle brands. Its business combines brand management with entertainment, television, digital content, social commerce and direct-to-consumer initiatives designed to connect brands with consumers across multiple retail channels.

The company’s activities span fashion, jewelry, home goods and related consumer products. Xcel Brands works with designers and other brand partners to create product lines and then extends those brands through licensing, wholesale distribution, television shopping, e-commerce and digital and social-media platforms.