Xcel Brands, Inc (NASDAQ:XELB) Shares Shorted: Short Interest Up 396.6% in October

Xcel Brands, Inc (NASDAQ:XELB – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 98,661 shares, a growth of 396.6% from the September 30th total of 19,869 shares. Currently, 2.0% of the shares of the company are short sold. Based on an average daily volume of 2,011,413 shares, the short-interest ratio is currently 0.0 days.

Xcel Brands Stock Down 5.1%

Xcel Brands stock opened at $0.34 on Wednesday. The business has a 50 day moving average price of $0.71 and a two-hundred day moving average price of $1.43. Xcel Brands has a 12 month low of $0.27 and a 12 month high of $2.47.

Xcel Brands (NASDAQ:XELB – Get Free Report) last issued its earnings results on Thursday, August 13th. The textile maker reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.02). The company had revenue of $1.12 million during the quarter, compared to analysts’ expectations of $1.80 million. Equities research analysts forecast that Xcel Brands will post -1.44 EPS for the current year.

Wall Street Analysts Forecast Growth

XELB has been the topic of a number of research analyst reports. Noble Financial reaffirmed an “outperform” rating on shares of Xcel Brands in a report on Friday, October 9th. Weiss Ratings lowered Xcel Brands from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Check Out Our Latest Analysis on Xcel Brands

About Xcel Brands

(Get Free Report)

Xcel Brands, Inc is a media and consumer products company that develops, markets and manages lifestyle brands. Its business model combines brand ownership and licensing with television, digital media, e-commerce and other direct-to-consumer channels.

The company works with designers and brand partners to create and distribute products across categories such as apparel, accessories, jewelry, beauty and home goods. Xcel Brands supports its brands through product design, licensing partnerships, marketing, content production and retail distribution, including television shopping and online commerce.

Xcel Brands was established in 2011 and is based in New York.

Further Reading

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