Xcel Brands, Inc (NASDAQ:XELB – Get Free Report) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 138,325 shares, an increase of 661.8% from the May 31st total of 18,158 shares. Currently, 3.2% of the shares of the company are short sold. Based on an average daily volume of 1,766,569 shares, the short-interest ratio is presently 0.1 days.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Potomac Capital Management Inc. bought a new position in shares of Xcel Brands in the 4th quarter valued at $441,000. Citadel Advisors LLC acquired a new position in Xcel Brands during the 3rd quarter worth approximately $88,000. Finally, DRW Securities LLC grew its stake in shares of Xcel Brands by 98.1% during the fourth quarter. DRW Securities LLC now owns 34,434 shares of the textile maker’s stock worth $37,000 after buying an additional 17,053 shares during the last quarter. 18.55% of the stock is currently owned by institutional investors and hedge funds.
Xcel Brands Stock Performance
NASDAQ XELB opened at $1.79 on Friday. The firm has a 50-day moving average price of $2.10 and a two-hundred day moving average price of $1.68. Xcel Brands has a 12-month low of $0.74 and a 12-month high of $2.66. The company has a market capitalization of $10.83 million, a P/E ratio of -0.38 and a beta of 1.18. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.75.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded Xcel Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $3.00.
Read Our Latest Stock Report on Xcel Brands
About Xcel Brands
Xcel Brands, Inc (NASDAQ: XELB) is a lifestyle brand management company that acquires, develops and markets consumer product brands spanning fashion, entertainment and home categories. The company works with designers, celebrities and entertainment properties to create branded apparel, accessories, jewelry and home décor collections. Its portfolio includes licensed and proprietary brands such as Judith Ripka, Isaac Mizrahi and Simple Joys by Carter’s, among others.
The company’s business model centers on sourcing creative talent and intellectual property, then leveraging an in-house product development team to design collections that are manufactured by third-party partners.
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