Xcel Brands, Inc. (NASDAQ:XELB) short stake climbs 78.8%

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Xcel Brands, Inc. (NASDAQ:XELB – Get Rating) was the target of a sharp surge in short interest in April. On April 15, there was short interest totaling 61,500 shares, up 78.8% from March 31 of 34,400 shares total. Based on an average daily volume of 83,500 shares, the short interest rate ratio is currently 0.7 days. About 0.6% of the company’s shares are sold short.

Separately, StockNews.com began reporting on Xcel brands in a research report on Wednesday. They give the company a “sell” rating.

Hedge funds have recently added to or reduced their stakes in the company. Summit Trail Advisors LLC increased its stake in Xcel Brands by 322.9% during the third quarter. Summit Trail Advisors LLC now owns 1,447,241 shares of the textile manufacturer’s stock valued at $2,156,000 after purchasing an additional 1,105,005 shares during the period. Potomac Capital Management Inc. acquired a new interest in Xcel Brands stock valued at approximately $442,000 during the fourth quarter. Veritable LP increased its stake in Xcel Brands by 156.3% during 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. Renaissance Technologies LLC increased its stake in 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. Finally, Citadel Advisors LLC increased its stake in Xcel Brands 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. Institutional investors own 13.10% of the company’s shares.

XELB shares opened at $1.21 on Friday. Xcel Brands has a 12-month low of $0.95 and a 12-month high of $3.25. The company has a quick ratio of 1.34, a current ratio of 1.61 and a debt to equity ratio of 0.34. The company has a market cap of $23.68 million, a price to earnings ratio of -1.95 and a beta of 1.53. The stock’s 50-day moving average price is $1.39 and its 200-day moving average price is $1.32.

Xcel Brands (NASDAQ:XELB – Get Rating) last released its quarterly earnings results on Thursday, April 14th. The clothing maker reported ($0.22) earnings per share (EPS) for the quarter. Xcel Brands had a negative net margin of 32.12% and a negative return on equity of 8.32%. 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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