Vince Holding Corp. (VNCE) Short Interest Update
Vince Holding Corp. (NYSE:VNCE) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 312,877 shares, a drop of 90.6% from the October 13th total of 3,317,137 shares. Based on an average daily trading volume, of 47,584 shares, the short-interest ratio is presently 6.6 days. Currently, 10.2% of the company’s stock are sold short.
In other Vince Holding Corp. news, Director Marc J. Leder acquired 17,831,247 shares of the company’s stock in a transaction on Friday, September 8th. The shares were purchased at an average cost of $0.45 per share, with a total value of $8,024,061.15. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Sun Capital Partners V. Lp purchased 13,373,435 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were purchased at an average cost of $0.45 per share, for a total transaction of $6,018,045.75. The disclosure for this purchase can be found here. 74.00% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in Vince Holding Corp. stock. California Public Employees Retirement System raised its holdings in Vince Holding Corp. (NYSE:VNCE) by 314.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,360 shares of the textile maker’s stock after purchasing an additional 64,000 shares during the period. California Public Employees Retirement System owned 0.17% of Vince Holding Corp. worth $131,000 at the end of the most recent reporting period.
Shares of Vince Holding Corp. (NYSE:VNCE) opened at $3.32 on Friday. Vince Holding Corp. has a 1-year low of $2.80 and a 1-year high of $52.50. The company has a debt-to-equity ratio of -2.19, a current ratio of 1.79 and a quick ratio of 0.74.
Vince Holding Corp. (NYSE:VNCE) last posted its quarterly earnings data on Thursday, September 7th. The textile maker reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.13). Vince Holding Corp. had a negative return on equity of 120.03% and a negative net margin of 68.88%. The company had revenue of $60.82 million for the quarter.
Separately, ValuEngine raised shares of Vince Holding Corp. from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $3.17.
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Vince Holding Corp. Company Profile
Vince Holding Corp. (Vince) is a United States-based company, which offers a range of women’s and men’s apparel, women’s and men’s footwear, and handbags. The Company operates as a fashion brand. The Company operates in two segments: Wholesale and Direct-to-consumer. The Company’s Wholesale segment consists of its operations to distribute products to various department stores and specialty stores in the United States and select international markets.
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