Vince Holding Corp. (NASDAQ:VNCE) Sees Significant Increase in Short Interest

Vince Holding Corp. (NASDAQ:VNCE) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 296,884 shares, an increase of 338.1% from the August 31st total of 67,773 shares. Approximately 5.3% of the shares of the company are sold short. Based on an average daily trading volume, of 631,301 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Vince

An institutional investor recently bought a new stake in Vince stock. AXQ Capital LP acquired a new stake in Vince Holding Corp. (NASDAQ:VNCE) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,615 shares of the company’s stock, valued at approximately $83,000. AXQ Capital LP owned about 0.09% of Vince at the end of the most recent reporting period. 16.11% of the stock is owned by institutional investors.

Vince Stock Up 0.3%

NASDAQ VNCE opened at $11.14 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.46 and a debt-to-equity ratio of 0.21. The company has a market cap of $144.21 million, a price-to-earnings ratio of 19.54 and a beta of 1.37. The company has a 50 day moving average of $6.93 and a 200-day moving average of $5.29. Vince has a 1-year low of $1.95 and a 1-year high of $11.98.

Vince (NASDAQ:VNCE) last posted its quarterly earnings data on Thursday, September 10th. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.75. The firm had revenue of $81.79 million for the quarter, compared to analyst estimates of $81.03 million. Vince had a return on equity of 31.35% and a net margin of 2.42%. On average, equities research analysts expect that Vince will post 1.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on VNCE shares. Wall Street Zen upgraded Vince from a “hold” rating to a “strong-buy” rating in a research note on Saturday, September 12th. Noble Financial reaffirmed an “outperform” rating on shares of Vince in a research report on Friday, September 11th. Zacks Research raised shares of Vince from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Vince in a research note on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Vince Company Profile

Vince Holding Corp. is a New York-based apparel company that operates the Vince brand, which focuses on modern luxury and contemporary clothing, accessories and footwear for women and men. Its products are known for minimalist design, premium materials and an emphasis on everyday wardrobe essentials, including knitwear, dresses, tops, bottoms, outerwear, shoes and handbags.

The company sells its products through a combination of company-operated retail stores, its e-commerce platform and wholesale channels.