3 days Ago By ABMN Staff
Xcel Brands, Inc. ( NASDAQ:XELB – Get Free Report ) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 120,800 shares, a decrease of 27.
1% from the August 15th total of 165,800 shares. Based on an average trading volume of 30,600 shares, the short-interest ratio is currently 3.9 days.
Approximately 0.8% of the shares of the stock are sold short. Xcel Brands Stock Performance NASDAQ XELB opened at $0.
73 on Monday. The business has a 50 day moving average price of $0.69 and a 200 day moving average price of $0.
73. The company has a market capitalization of $17.27 million, a P/E ratio of -0.
67 and a beta of 1.35. Xcel Brands has a 1-year low of $0.
58 and a 1-year high of $1.70. The company has a debt-to-equity ratio of 0.
08, a current ratio of 0.79 and a quick ratio of 0.72.
Xcel Brands ( NASDAQ:XELB – Get Free Report ) last announced its quarterly earnings results on Wednesday, August 14th. The textile maker reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.
09) by $0.08. The business had revenue of $2.
95 million during the quarter, compared to analysts’ expectations of $2.98 million. Xcel Brands had a negative return on equity of 20.
74% and a negative net margin of 179.30%. During the same quarter last year, the business posted ($0.
09) earnings per share. Sell-side analysts expect that Xcel Brands will post -0.26 EPS for the current fiscal year.
Institutional Trading of Xcel Brands Analyst Upgrades and Downgrades Separately, StockNews.com assumed coverage on shares of Xcel Brands in a report on Thursday. They set a “sell” rating on the stock.
Check Out Our Latest Stock Analysis on Xcel Brands Xcel Brands Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for Xcel Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Brands and related companies with MarketBeat.
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