Xcel Brands, Inc (NASDAQ:XELB) Short Interest Down 31.1% in August

Xcel Brands, Inc (NASDAQ:XELB) was the recipient of a significant decrease in short interest in August. As of August 15th, there was short interest totaling 114,100 shares, adecreaseof31.1% from the July 31st total of 165,500 shares. Based on an average daily trading volume, of 574,000 shares, the short-interest ratio is presently 0.2 days. Currently,4.9% of the shares of the company are sold short. Currently,4.9% of the shares of the company are sold short. Based on an average daily trading volume, of 574,000 shares, the short-interest ratio is presently 0.2 days.

Xcel Brands Stock Performance

XELB opened at $1.46 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.52. The company has a market cap of $3.56 million, a price-to-earnings ratio of -0.15 and a beta of 0.86. Xcel Brands has a 52-week low of $0.95 and a 52-week high of $8.49. The firm’s fifty day simple moving average is $1.41 and its two-hundred day simple moving average is $2.16.

Xcel Brands (NASDAQ:XELB) last posted its quarterly earnings data on Monday, June 9th. The textile maker reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.14). The company had revenue of $1.21 million for the quarter, compared to analysts’ expectations of $1.90 million. Xcel Brands had a negative net margin of 399.74% and a negative return on equity of 19.43%. Equities analysts anticipate that Xcel Brands will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Xcel Brands

In other news, CEO Loren Robert W. D purchased 124,200 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average price of $1.10 per share, for a total transaction of $136,620.00. Following the completion of the transaction, the chief executive officer owned 383,885 shares in the company, valued at $422,273.50. This represents a 47.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark Disanto purchased 91,800 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average price of $1.10 per share, for a total transaction of $100,980.00. Following the transaction, the director owned 102,700 shares of the company’s stock, valued at $112,970. This trade represents a 842.20% increase in their position. The disclosure for this purchase can be found here. 40.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on shares of Xcel Brands in a research report on Sunday, May 18th. They set a “sell” rating on the stock. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Xcel Brands presently has a consensus rating of “Hold”.

About Xcel Brands

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.