Short Interest in XCel Brands Inc (NASDAQ:XELB) Expands By 34.4%

XCel Brands Inc (NASDAQ:XELB) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 42,600 shares, a growth of 34.4% from the September 30th total of 31,700 shares. Based on an average trading volume of 48,700 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.5% of the shares of the stock are short sold.

XCel Brands stock opened at $1.61 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.74 and a quick ratio of 1.65. The stock has a fifty day moving average price of $1.73 and a two-hundred day moving average price of $1.72. XCel Brands has a 52-week low of $1.00 and a 52-week high of $3.50. The firm has a market capitalization of $32.64 million, a P/E ratio of 8.05 and a beta of 1.46.

XCel Brands (NASDAQ:XELB) last released its quarterly earnings data on Wednesday, November 13th. The textile maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). XCel Brands had a return on equity of 3.68% and a net margin of 7.12%. The company had revenue of $10.93 million for the quarter. On average, equities research analysts predict that XCel Brands will post 0.32 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of XCel Brands by 50.2% during the second quarter. Vanguard Group Inc. now owns 76,321 shares of the textile maker’s stock worth $111,000 after purchasing an additional 25,498 shares during the last quarter. Weber Alan W grew its holdings in shares of XCel Brands by 125.0% during the second quarter. Weber Alan W now owns 90,000 shares of the textile maker’s stock worth $131,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Legacy Advisors LLC grew its holdings in shares of XCel Brands by 1.4% during the second quarter. Legacy Advisors LLC now owns 565,725 shares of the textile maker’s stock worth $820,000 after purchasing an additional 8,000 shares during the last quarter. Institutional investors own 8.07% of the company’s stock.

Several research analysts have issued reports on the company. Zacks Investment Research upgraded XCel Brands from a “hold” rating to a “buy” rating and set a $1.75 price objective for the company in a research note on Saturday, October 19th. DA Davidson reiterated a “neutral” rating on shares of XCel Brands in a research note on Thursday. Finally, ValuEngine upgraded XCel Brands from a “strong sell” rating to a “sell” rating in a research note on Wednesday.

About XCel Brands

Xcel Brands, Inc, together with its subsidiaries, operates as a consumer products company in the United States. The company designs, produces, licenses, markets, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the Judith Ripka, the H Halston, the C Wonder, and the Highline Collective brands.

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