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

Vince Holding Corp. (NASDAQ:VNCE) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 77,457 shares, a growth of 399.1% from the May 31st total of 15,518 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 172,155 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new position in shares of Vince in the fourth quarter worth approximately $44,000. Algert Global LLC bought a new stake in shares of Vince during the third quarter valued at approximately $57,000. Dimensional Fund Advisors LP raised its holdings in Vince by 46.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 48,399 shares of the company’s stock worth $117,000 after acquiring an additional 15,266 shares during the last quarter. Jane Street Group LLC purchased a new position in Vince in the 4th quarter worth approximately $148,000. Finally, Goldman Sachs Group Inc. bought a new position in Vince in the 4th quarter valued at approximately $151,000. 16.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VNCE has been the topic of several research reports. Noble Financial reissued an “outperform” rating on shares of Vince in a research note on Wednesday, June 17th. Zacks Research cut shares of Vince from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Weiss Ratings raised shares of Vince from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday. Finally, Wall Street Zen cut Vince from a “buy” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.50.

Vince Trading Down 1.4%

Vince stock opened at $7.76 on Friday. The company has a current ratio of 1.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.60. The business’s fifty day simple moving average is $4.93 and its two-hundred day simple moving average is $3.64. Vince has a 12 month low of $1.19 and a 12 month high of $8.20. The company has a market capitalization of $99.72 million, a price-to-earnings ratio of 11.09 and a beta of 1.38.

Vince (NASDAQ:VNCE) last issued its quarterly earnings results on Tuesday, June 16th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.03). The company had revenue of $64.03 million for the quarter, compared to the consensus estimate of $63.05 million. Vince had a net margin of 2.97% and a return on equity of 15.85%. As a group, equities analysts predict that Vince will post 0.59 earnings per share for the current fiscal year.

Vince Company Profile

Vince Holding Corp. designs, merchandises, and sells luxury apparel and accessories in the United States and internationally. It operates through three segments: Vince Wholesale, Vince Direct-to-Consumer, and Rebecca Taylor and Parker. The company offers a range of women’s products, such as cashmere sweaters, silk blouses, leather and suede leggings and jackets, dresses, skirts, denims, pants, t-shirts, footwear, outerwear, and accessories; and men’s products comprising t-shirts, knit and woven tops, sweaters, denims, pants, blazers, footwear, and outerwear under the Vince brand.