Xcel Brands, Inc. (NASDAQ:XELB) Short Interest Down 61.8% in February

Xcel Brands, Inc. (NASDAQ:XELB – Get Rating) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 1,300 shares, a decrease of 61.8% from the January 31st total of 3,400 shares. Based on an average trading volume of 13,600 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Xcel Brands Trading Up 14.1 %

Shares of NASDAQ:XELB opened at $0.89 on Wednesday. The company has a 50 day moving average of $0.79 and a 200-day moving average of $0.90. The firm has a market cap of $17.46 million, a P/E ratio of -3.42 and a beta of 1.47. Xcel Brands has a twelve month low of $0.67 and a twelve month high of $1.99.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Xcel Brands in a research note on Saturday. They issued a “sell” rating for the company.

Institutional Trading of Xcel Brands

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Xcel Brands by 36.3% in the 1st quarter. Vanguard Group Inc. now owns 360,472 shares of the textile maker’s stock worth $537,000 after purchasing an additional 95,997 shares in the last quarter. Summit Trail Advisors LLC raised its holdings in shares of Xcel Brands by 35.0% in the 3rd quarter. Summit Trail Advisors LLC now owns 1,681,740 shares of the textile maker’s stock worth $1,603,000 after purchasing an additional 435,902 shares in the last quarter. Finally, Potomac Capital Management Inc. raised its holdings in shares of Xcel Brands by 19.1% in the 2nd quarter. Potomac Capital Management Inc. now owns 693,629 shares of the textile maker’s stock worth $818,000 after purchasing an additional 111,237 shares in the last quarter. 16.92% of the stock is currently owned by institutional investors.

Xcel Brands Company Profile

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XCel Brands, Inc is a media and brand management company, which engages in the design, production, marketing, live streaming, wholesale distribution, and direct-to-consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products and the acquisition of consumer lifestyle brands.