XCel Brands Inc (NASDAQ:XELB) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totalling 49,300 shares, an increase of 35.8% from the May 30th total of 36,300 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 66,500 shares, the days-to-cover ratio is presently 0.7 days.
Shares of XELB stock opened at $3.15 on Friday. The firm has a fifty day simple moving average of $1.56. The firm has a market cap of $59.59 million, a P/E ratio of 15.75, a PEG ratio of 0.95 and a beta of 1.28. XCel Brands has a fifty-two week low of $1.00 and a fifty-two week high of $3.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 1.40.
XCel Brands (NASDAQ:XELB) last issued its earnings results on Tuesday, May 14th. The textile maker reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. The firm had revenue of $10.30 million for the quarter, compared to the consensus estimate of $11.00 million. XCel Brands had a return on equity of 3.90% and a net margin of 1.94%. Analysts expect that XCel Brands will post 0.33 EPS for the current fiscal year.
A number of equities research analysts have weighed in on XELB shares. ValuEngine raised XCel Brands from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Zacks Investment Research raised HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a report on Friday, May 17th.
Several hedge funds have recently modified their holdings of the business. Deutsche Bank AG acquired a new stake in shares of XCel Brands during the 4th quarter valued at $57,000. SG Capital Management LLC acquired a new stake in shares of XCel Brands during the 1st quarter valued at $43,000. ARS Investment Partners LLC boosted its holdings in shares of XCel Brands by 16.9% during the 1st quarter. ARS Investment Partners LLC now owns 443,293 shares of the textile maker’s stock valued at $754,000 after acquiring an additional 64,240 shares in the last quarter. Finally, Weber Alan W acquired a new stake in shares of XCel Brands during the 1st quarter valued at $68,000. 16.47% of the stock is currently owned by hedge funds and other institutional investors.
About XCel Brands
Xcel Brands, Inc, together with its subsidiaries, operates as a consumer products company in the United States. The company designs, produces, licenses, markets, and sells branded apparel, footwear, accessories, jewelry, home goods, and other consumer products; and acquires consumer lifestyle brands, including the Isaac Mizrahi, the Judith Ripka, the H Halston, the C Wonder, and the Highline Collective brands.
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