Xcel Brands, Inc. (NASDAQ:XELB) Short Interest Up 62.9% in July

Xcel Brands, Inc. (NASDAQ:XELB) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 58,000 shares, an increase of 62.9% from the June 30th total of 35,600 shares. Based on an average daily volume of 33,900 shares, the short-interest ratio is presently 1.7 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Summit Trail Advisors LLC grew its stake in Xcel Brands by 32.5% in the 1st quarter. Summit Trail Advisors LLC now owns 2,242,593 shares of the textile maker’s stock worth $1,749,000 after acquiring an additional 550,453 shares during the period. Perritt Capital Management Inc. grew its stake in Xcel Brands by 31.6% in the 1st quarter. Perritt Capital Management Inc. now owns 606,858 shares of the textile maker’s stock worth $473,000 after acquiring an additional 145,833 shares during the period. AWM Investment Company Inc. purchased a new stake in Xcel Brands in the 1st quarter worth approximately $600,000. Finally, Levin Capital Strategies L.P. purchased a new stake in Xcel Brands in the 1st quarter worth approximately $86,000. 18.55% of the stock is owned by hedge funds and other institutional investors.

Xcel Brands Trading Down 2.5 %

Shares of Xcel Brands stock opened at $0.70 on Monday. Xcel Brands has a 12-month low of $0.58 and a 12-month high of $2.10. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 0.21. The stock has a market cap of $16.44 million, a PE ratio of -0.64 and a beta of 1.42. The company has a 50-day moving average of $0.67 and a two-hundred day moving average of $0.85.

Xcel Brands (NASDAQ:XELB) last issued its earnings results on Monday, May 20th. The textile maker reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.07. Xcel Brands had a negative net margin of 156.27% and a negative return on equity of 21.92%. The company had revenue of $2.18 million during the quarter, compared to analysts’ expectations of $2.20 million. On average, research analysts anticipate that Xcel Brands will post -0.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Xcel Brands in a report on Friday. They issued 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.