Xcel Brands, Inc. (NASDAQ:XELB – Get Rating) was the target of a significant drop in short interest in May. As of May 15, there was short interest totaling 18,000 shares, down 31.0% from the April 30 total of 26,100 shares. About 0.2% of the stock’s shares are sold short. Based on an average daily trading volume of 60,000 shares, the day-to-cover ratio is currently 0.3 days.
A number of institutional investors have recently shifted their holdings of XELB. Veritable LP increased its position in Xcel Brands by 156.3% during the third quarter. Veritable LP now owns 38,444 shares of the textile maker valued at $57,000 after purchasing an additional 23,444 shares during the period. Citadel Advisors LLC increased its position in Xcel Brands shares by 201.9% during the third quarter. Citadel Advisors LLC now owns 43,175 shares of the textile maker valued at $64,000 after purchasing an additional 28,872 shares during the period. Renaissance Technologies LLC increased its position in Xcel Brands shares by 23.0% during the fourth quarter. Renaissance Technologies LLC now owns 66,200 shares of the textile maker valued at $72,000 after purchasing an additional 12,400 shares during the period. Miramar Capital LLC purchased a new stake in Xcel Brands stock during Q1 for $106,000. Finally, Potomac Capital Management Inc. purchased a new stake in Xcel Brands stock during Q4 for $442,000. Institutional investors hold 13.54% of the company’s shares.
Separately, StockNews.com launched coverage on Xcel Brands in a research report on Sunday. They put a “sell” mark on the stock.
The NASDAQ XELB opened at $1.08 on Friday. The company has a fifty-day moving average price of $1.37 and a two-hundred-day moving average price of $1.28. Xcel Brands has a fifty-two week minimum of $0.95 and a fifty-two week maximum of $3.25. The company has a debt ratio of 0.44, a current ratio of 1.63 and a quick ratio of 1.31. The stock has a market capitalization of $21.34 million, a PE ratio of -1.74 and a beta of 1.56.
Xcel Brands (NASDAQ:XELB – Get Rating) last released its quarterly results on Thursday, April 14. The textile maker reported ($0.22) EPS for the quarter. Xcel Brands had a negative net margin of 32.12% and a negative return on equity of 8.52%. The company had revenue of $8.10 million for the quarter.
Xcel Brands Company Profile (Get an evaluation)
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, homeware and other consumer products; and acquires consumer lifestyle brands including Isaac Mizrahi, Lori Goldstein’s LOGO, Judith Ripka, Halston brand, C Wonder and other brands, and manages the Longaberger brand.
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