Xcel Brands, Inc. (NASDAQ:XELB) Short Interest Up 366.2% in January

Xcel Brands, Inc. (NASDAQ:XELB) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 412,100 shares, a growth of 366.2% from the December 31st total of 88,400 shares. Currently, 2.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 123,800 shares, the short-interest ratio is currently 3.3 days.

Xcel Brands Price Performance

Xcel Brands stock opened at $0.46 on Wednesday. The stock has a 50-day moving average price of $0.54 and a two-hundred day moving average price of $0.66. Xcel Brands has a 12 month low of $0.33 and a 12 month high of $1.40. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.09.

Xcel Brands (NASDAQ:XELB) last issued its quarterly earnings data on Friday, December 20th. The textile maker reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.06. Xcel Brands had a negative net margin of 236.80% and a negative return on equity of 19.20%. On average, equities research analysts expect that Xcel Brands will post -0.23 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Xcel Brands in a report on Sunday. They set a “sell” rating for the company.

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.