Xcel Brands, Inc. (NASDAQ:XELB) Short Interest Down 87.7% in March

Xcel Brands, Inc. (NASDAQ:XELB - Get Free Report) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 32,900 shares, a decrease of 87.7% from the February 28th total of 268,300 shares. Currently, 2.2% of the company's shares are sold short. Based on an average daily trading volume, of 17,900 shares, the days-to-cover ratio is currently 1.8 days.Analysts Set New Price TargetsXELB has been the subject of several recent analyst reports. StockNews.com assumed coverage on shares of Xcel Brands in a research report on Sunday. They set a "sell" rating for the company. Sidoti raised shares of Xcel Brands to a "hold" rating in a research report on Friday, January 31st.Check Out Our Latest Stock Analysis on XELBXcel Brands Trading Down 13.8 %Shares of NASDAQ XELB traded down $0.60 during mid-day trading on Wednesday, reaching $3.75. 51,736 shares of the company's stock were exchanged, compared to its average volume of 7,068. The company's 50-day moving average is $0.44 and its 200-day moving average is $0.59. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a market capitalization of $88.98 million, a price-to-earnings ratio of -3.64 and a beta of 1.38. Xcel Brands has a 52-week low of $2.50 and a 52-week high of $9.97. Institutional Trading of Xcel BrandsA hedge fund recently raised its stake in Xcel Brands stock. Summit Trail Advisors LLC raised its position in shares of Xcel Brands, Inc. (NASDAQ:XELB - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,452,593 shares of the textile maker's stock after buying an additional 210,000 shares during the period. Summit Trail Advisors LLC owned about 10.37% of Xcel Brands worth $1,248,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 18.55% of the company's stock. 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 ReadingFive stocks we like better than Xcel Brands3 Tickers Leading a Meme Stock RevivalEnergy Transfer: Powering Data With Dividends and DiversificationHow to Find Undervalued StocksQualcomm Stock Is Coiling for a Breakout What Are Earnings Reports?Is Alphabet Too Cheap to Ignore After Its Recent Correction?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Xcel Brands Right Now?Before you consider Xcel Brands, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Xcel Brands wasn't on the list.While Xcel Brands currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here