Xcel Brands, Inc. (NASDAQ:XELB) Short Interest Down 31.0% in May

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Xcel Brands, Inc. (NASDAQ:XELB – Get Rating) was the target of a significant drop in short interest in May. On 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 days-to-cover ratio is currently 0.3 days.

A number of institutional investors have recently changed their holdings of XELB. Veritable LP increased its position in Xcel Brands by 156.3% in the third quarter. Veritable LP now owns 38,444 shares of the textile manufacturer’s stock, 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 manufacturer’s stock valued at $64,000 after purchasing an additional 28,872 shares during the period. Renaissance Technologies LLC increased its position in shares of Xcel Brands by 23.0% during the fourth quarter. Renaissance Technologies LLC now owns 66,200 shares of the textile manufacturer’s stock valued at $72,000 after purchasing an additional 12,400 shares during the period. Miramar Capital LLC acquired a new interest in Xcel Brands stock valued at $106,000 during the first quarter. Finally, Potomac Capital Management Inc. bought a new stake in Xcel Brands stock valued at $442,000 during the fourth quarter. Institutional investors own 13.54% of the company’s shares.

Separately, StockNews.com picked up coverage of Xcel brands in a research report on Sunday. They set a “sell” rating for the stock.

NASDAQ XELB opened at $1.08 on Friday. The company has a 50-day moving average price of $1.37 and a 200-day moving average price of $1.28. Xcel Brands has a 52-week low of $0.95 and a 52-week high of $3.25. The company has a gearing ratio of 0.44, a current ratio of 1.63 and a quick ratio of 1.31. The stock has a market cap of $21.34 million, a P/E of -1.74 and a beta of 1.56.

Xcel Brands (NASDAQ:XELB – Get Rating) last released its quarterly earnings results on Thursday, April 14th. The clothing 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.

Company profile of Xcel Brands (get rating)

Xcel Brands, Inc, together with its subsidiaries, operates as a media and consumer products company in the United States. The company designs, manufactures, markets, distributes and sells branded apparel, footwear, accessories, jewelry, housewares and other consumer products; and acquires consumer lifestyle brands including Isaac Mizrahi, LOGO by Lori Goldstein, Judith Ripka, Halston Brand, C Wonder and other brands, and manages the Longaberger brand.

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