Xcel Brands, Inc. (NASDAQ:XELB) Sees Significant Growth in Short Interest

Xcel Brands, Inc. (NASDAQ:XELB) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 412,100 shares, an increase of 366.2% from the December 31st total of 88,400 shares. Based on an average trading volume of 123,800 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.8% of the company’s shares are sold short.

Xcel Brands Trading Up 3.9 %

Shares of NASDAQ XELB opened at $0.46 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.52 and a quick ratio of 0.52. Xcel Brands has a twelve month low of $0.33 and a twelve month high of $1.40. The firm has a fifty day simple moving average of $0.54 and a 200 day simple moving average of $0.66.

Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings data on Friday, December 20th. The textile maker reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.06. Xcel Brands had a negative return on equity of 19.20% and a negative net margin of 236.80%. On average, equities research analysts predict that Xcel Brands will post -0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Xcel Brands in a research report on Sunday. They set a “sell” rating for the company.

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.