Xcel Brands, Inc. (NASDAQ:XELB) Short Interest Update

Xcel Brands, Inc. (NASDAQ:XELB) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 32,900 shares, a drop of 87.7% from the February 28th total of 268,300 shares. Based on an average daily trading volume, of 17,900 shares, the days-to-cover ratio is currently 1.8 days. Currently, 2.2% of the shares of the stock are sold short.

Xcel Brands Stock Down 13.8 %

Shares of XELB opened at $3.75 on Thursday. The firm has a market cap of $88.98 million, a PE ratio of -3.64 and a beta of 1.38. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.09. Xcel Brands has a fifty-two week low of $2.50 and a fifty-two week high of $9.97. The company’s fifty day moving average is $3.64 and its two-hundred day moving average is $5.61.

Analysts Set New Price Targets

XELB has been the subject of a number of recent research reports. StockNews.com started coverage on shares of Xcel Brands in a research note on Sunday. They set a “sell” rating for the company. Sidoti raised shares of Xcel Brands to a “hold” rating in a research report on Friday, January 31st.

Hedge Funds Weigh In On Xcel Brands

A hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC increased its position in shares of Xcel Brands, Inc. (NASDAQ:XELB) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,452,593 shares of the textile maker’s stock after buying an additional 210,000 shares during the period. Summit Trail Advisors LLC owned about 10.37% of Xcel Brands worth $1,248,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 18.55% of the company’s stock.

About Xcel Brands

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.