Vince Holding Corp. (NYSE:VNCE) Short Interest Update

Vince Holding Corp. (NYSE:VNCE) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 276,400 shares, a drop of 25.4% from the January 31st total of 370,400 shares. Based on an average daily trading volume, of 2,410,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately 8.0% of the company’s stock are short sold.

Insider Activity

In other news, major shareholder Rodger R. Krouse sold 7,218,385 shares of Vince stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $2.33, for a total transaction of $16,818,837.05. Following the completion of the transaction, the insider now directly owns 1,262,933 shares in the company, valued at $2,942,633.89. This trade represents a 85.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Institutional Trading of Vince

Several hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in Vince in the fourth quarter worth about $86,000. Geode Capital Management LLC raised its position in Vince by 12.4% in the fourth quarter. Geode Capital Management LLC now owns 33,769 shares of the textile maker’s stock worth $123,000 after acquiring an additional 3,731 shares during the period. Finally, National Bank of Canada FI bought a new stake in Vince in the fourth quarter worth about $29,000. Institutional investors own 16.11% of the company’s stock.

Vince Stock Down 6.5 %

Shares of VNCE traded down $0.17 during trading hours on Tuesday, reaching $2.46. 43,427 shares of the stock traded hands, compared to its average volume of 3,620,984. The company has a current ratio of 1.74, a quick ratio of 0.64 and a debt-to-equity ratio of 0.89. The stock has a fifty day simple moving average of $3.40 and a 200 day simple moving average of $2.45. Vince has a 52 week low of $1.27 and a 52 week high of $6.89. The company has a market cap of $31.02 million, a price-to-earnings ratio of 6.65 and a beta of 1.45.

Vince (NYSE:VNCE) last released its quarterly earnings results on Tuesday, December 10th. The textile maker reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.11. Vince had a net margin of 1.60% and a negative return on equity of 5.77%. On average, equities analysts forecast that Vince will post 0.63 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Vince from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Vince Company Profile

Vince Holding Corp. provides luxury apparel and accessories in the United States and internationally. It operates through Vince Wholesale, Vince Direct-to-Consumer segments. The company offers a range of men's and women's products, such as cashmere sweaters, silk blouses, leather and suede products, and jackets, dresses, skirts, pants, t-shirts, footwear, outerwear, and accessories, as well as woven shirts, core and fashion pants, and blazers under the Vince brand.