Vince Holding Corp. (NASDAQ:VNCE) Short Interest Up 399.1% in June

Vince Holding Corp. (NASDAQ:VNCE) was the target of a large growth in short interest during the month of 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. Based on an average trading volume of 172,155 shares, the days-to-cover ratio is presently 0.4 days. Approximately 1.4% of the company’s shares are sold short.

Vince Stock Performance

Vince stock opened at $7.76 on Friday. The business has a 50 day moving average of $4.93 and a 200-day moving average of $3.64. The company has a market capitalization of $99.72 million, a P/E ratio of 11.09 and a beta of 1.38. Vince has a 1 year low of $1.19 and a 1 year high of $8.20. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.74 and a quick ratio of 0.47.

Vince (NASDAQ:VNCE) last issued its quarterly earnings data on Tuesday, June 16th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 15.85% and a net margin of 2.97%. On average, equities research analysts predict that Vince will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On Vince

A number of institutional investors and hedge funds have recently bought and sold shares of VNCE. FreeGulliver LLC grew its position in Vince by 203.6% during the fourth quarter. FreeGulliver LLC now owns 484,412 shares of the company’s stock valued at $1,976,000 after buying an additional 324,835 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Vince by 481.6% in the third quarter. Two Sigma Investments LP now owns 75,969 shares of the company’s stock worth $254,000 after acquiring an additional 62,907 shares during the period. Renaissance Technologies LLC grew its holdings in Vince by 70.0% during the 4th quarter. Renaissance Technologies LLC now owns 137,450 shares of the company’s stock valued at $561,000 after buying an additional 56,600 shares in the last quarter. Marshall Wace LLP purchased a new position in Vince during the fourth quarter valued at approximately $212,000. Finally, Quadrature Capital Ltd bought a new stake in Vince during the 4th quarter worth approximately $191,000. 16.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Zacks Research lowered Vince from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Wall Street Zen downgraded Vince from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings raised shares of Vince from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday. Finally, Noble Financial reiterated an “outperform” rating on shares of Vince in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.50.

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.